NightHawk Radiology Holdings, Inc. hit by shareholder lawsuit

Dec. 22, 2009 - PRLog -- An investor in NightHawk Radiology Holdings, Inc. (Public, NASDAQ-NHWK) filed a lawsuit in in the United States District Court for the District of Idaho on behalf of an institutional investor on behalf of purchasers of the common stock of NightHawk Radiology Holdings, Inc.  between April 10, 2007 and February 13, 2008, over alleged violations of Federal Securities Laws by NightHawk Radiology Holdings, Inc. and others.

If you purchased common stock of NightHawk Radiology Holdings, Inc.  between April 10, 2007 and February 13, 2008, you have certain options and there are strict and short deadlines running. Deadline: February 16, 2010. Those NHWK investors and current long term investors should contact the Shareholders Foundation, Inc at:

Email: mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554

According to the complaint the plaintiff alleges that NightHawk Radiology Holdings and certain of its officers and executives violated  Securities Exchange Act of 1934 by failing to disclose between April 10, 2007 and February 13, 2008, material adverse facts about its true financial condition, business and prospects. Then on February 13, 2008, NightHawk Radiology Holdings announced its financial results for the fourth quarter and year end of 2007, the period ended December 31, 2007 and in response to its announcement, the price of NightHawk Radiology Holdings stock  fell $1.61 per share, or 11%, to close at $12.54 per share, on February 14, 2008, so the lawsuit.
NightHawk Radiology Holdings, Inc., located in Coeur d' Alene, ID, provides radiology solutions to radiology groups and hospitals throughout the United States. The Company provides suite of solutions, including professional services, business services, and its workflow technology. NightHawk’s team of United States board-certified, state-licensed and hospital-privileged physicians located in the United States and around the world provide services around the clock includes seven days a week, for approximately 780 customers. NightHawk Radiology reported in 2007 Total Revenue of $151.66million with a Net Income of $14.69million and in 2008 Total Revenue of $167.61million with a Net Income of $9.44million. Shares of NightHawk Radiology  recently traded at $.428 per share, down from its 52weekHigh of $7.75 per share, $9.30 per share in September 08, $20.05 per share in January 08, and over $26 per share in 2007.

Those who purchased common stock of NightHawk Radiology Holdings, Inc.  between April 10, 2007 and February 13, 2008, have certain options and there are strict and short deadlines running. Deadline: February 16, 2010. Those NHWK investors and current long term investors should contact the Shareholders Foundation, Inc at:

Email: mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554

Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 –
92108 San Diego
Tel: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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Advertising. The Shareholders Foundation, Inc. is an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.