EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Akorn, Inc.
April 24 2015 - 7:19PM
Business Wire
The Rosen Law Firm, a global investor rights law firm, announces
it is investigating potential securities claims on behalf of
investors of Akorn, Inc. (NASDAQ:AKRX) resulting from allegations
that Akorn may have issued materially misleading business
information to the investing public.
On April 24, 2015, Akorn announced it will restate its
previously issued financial statements for the annual period ending
December 31, 2014 and the quarterly periods ending June 30, 2014,
September 30, 2014 and December 31, 2014 due to errors identified
during the first quarter 2015 financial review process. During the
review process, the Company identified errors related to
understatements of rebates and other sales allowances that led to
an overstatement of the Company's net revenue for the affected
periods described above. On this news, shares of Akorn fell during
after hours trading on April 23, 2015.
The Rosen Law Firm is preparing a class action lawsuit to
recover losses suffered by Akorn investors. If you purchased shares
of Akorn on or before April 24, 2015, please visit the firm’s
website at http://rosenlegal.com/cases-589.html for more
information. You may also contact Phillip Kim, Esq. or Kevin Chan,
Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email
at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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