Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Wednesday, March 22, 2006
Merge Technologies (Nasdaq:MRGE) hit by Securities Class Action
Merge Technologies (Nasdaq:MRGE) has been hit with a class action lawsuit by Wolf Haldenstein. Details available at www.whafh.com. The gist of the action is a long history of misrepresenting the financial condition of the company. Merge has recently had to delay issuing its financial results due to audit difficulties. The lawsuit maintains that many of the press releases were misleading.