An investor, who purchased shares of Akorn, Inc. (NASDAQ: AKRX), filed a lawsuit over alleged violations of Federal Securities Laws by Akorn, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Akorn, Inc. (NASDAQ: AKRX) should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
The plaintiff claims that between August 1, 2018 and January 8, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Akorn’s management misled investors concerning the severity of Akorn’s manufacturing violations at its Decatur, Illinois facility, that Akorn’s responses to the Food and Drug Administration’s (“FDA”) Form 483—which contained a list of observations made by the FDA during its inspection of Akorn’s Decatur, Illinois facility in April and May 2018—would be deemed inadequate by the FDA, that Akorn repeatedly failed to correct manufacturing violations at this facility, that the foregoing would subject Akorn to heightened regulatory scrutiny by the FDA, and that as a result, Akorn’s public statements were materially false and misleading at all relevant times
Those who purchased shares of Akorn, Inc. (NASDAQ: AKRX) have certain options and should contact the Shareholders Foundation.
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