December 17, 2015
A Detroit retirement system alleging Epocrates Inc. misled investors by prematurely accounting for its flagship product's revenue, just after the health software company went public in 2011, has received initial court approval of a $5.1 million settlement.
March 16, 2015
Health software company Epocrates Inc. and its executives must face a proposed class action alleging they misled investors by failing to disclose it pumped up revenues after its 2011 initial public offering by restructuring contracts in order to stave off a projected negative forecast, a California federal judge ruled Friday.