IMPORTANT INVESTOR REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Akorn, Inc. & Encoura...
March 04 2019 - 10:53AM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against Akorn,
Inc. (“Akorn” or “the Company”) (NASDAQ: AKRX) for violations of
§§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule
10b-5 promulgated thereunder by the U.S. Securities and Exchange
Commission.
Investors who purchased the Company's shares between August 1,
2018 and January 8, 2019, inclusive (the ''Class Period''), are
encouraged to contact the firm before April 22, 2019.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the Complaint, the Company made false and
misleading statements to the market. Akorn downplayed the severity
of violations at its Decatur, Illinois, manufacturing facility,
misleading investors. The Company’s response to the FDA’s Form 483,
which detailed the agency’s inspection of the facility, was found
to be inadequate by the regulator. In fact, the Company repeatedly
failed to correct manufacturing problems at this plant. Based on
these facts, the Company’s public statements were false and
materially misleading throughout the class period. When the market
learned the truth about Akorn, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20190304005676/en/
The Schall Law FirmBrian Schall, Esq.,Sherin Mahdavian,
Esq.,www.schallfirm.comOffice: 310-301-3335Cell:
424-303-1964info@schallfirm.com
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