Rossy v. Merge Healthcare Inc.

MEMORANDUM OPINION AND ORDER

Elaine E. Bucklo, United States District Judge

Plaintiff1 is a shareholder of defendant Merge Healthcare Inc., alleging, on behalf of itself and a class of others similarly situated, that Merge and several of its current and former executives committed securities fraud by materially overstating the company’s “subscription backlog,” a financial metric defendants told investors was a reliable measure of future revenue, and by misrepresenting the effectiveness of the company’s internal controls to ensure the accuracy of its statements. Two motions to dismiss are before…