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9th U.S. Circuit Court of Appeals

Jul. 31, 2017

9th Circuit revives case alleging Quality Systems misled investors

The 9th U.S. Circuit Court of Appeals has revived a shareholder suit alleging that leadership at a major California health care information systems company made false statements to investors about the company’s financial stability in 2011 and 2012.

The 9th U.S. Circuit Court of Appeals has revived a shareholder suit alleging that leaders of a major California health care information systems company made false statements to investors about the company’s financial stability in 2011 and 2012.

The three-judge panel held in an opinion published Friday that Quality Systems Inc. and several of its corporate executives could be held liable for comments suggesting that the company was ...

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