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Kendall Law Group Announces Shareholder Investigation into NightHawk Radiology Holdings, Inc.

^{Published on 2009-12-21 14:15:25 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--Kendall Law Group, led by a former federal judge, announces a shareholder investigation into NightHawk Radiology Holdings, Inc. (NASDAQ: NHWK) for possible securities violations related to public statements made between April 10, 2007 and February 13, 2008.

The investigation is to determine on whether statements made regarding NightHawk's business, operations and prospects during this period were false and misleading based on the condition of the Company at that time. On February 13, 2008, NightHawk announced its financial results for the fourth quarter and year end of 2007, the period ended December 31, 2007. On this announcement, NHWK shares dropped 11%, closing at $12.54 on February 14, 2008.

NightHawk was experiencing a delay in transitioning The Radlinx Group physician contracts to their compensation structure, which caused them to pay more compensation to those physicians than they had anticipated. Also, the demand for the Company's services was weakening and the Company was experiencing difficulties in obtaining reimbursement for its services. Based on this, the Board of Directors had no reasonable basis for causing the Company to issue positive statements.

If you wish to learn more about your rights as a NHWK shareholder or have information concerning this action, contact attorney Hamilton Lindley at 877-744-3728 or [ hlindley@kendalllawgroup.com ]. Kendall Law Group is led by a former federal judge and former U.S. Attorney and has the credentials to pursue any type of complex securities litigation in the nation. For more information about the firm, visit [ www.kendalllawgroup.com ].