INVESTOR ALERT: Law Offices of Howard G. Smith Commences Investigation on Behalf of Impax Laboratories Inc. Investors Concern...
December 01 2016 - 2:08PM
Business Wire
Law Offices of Howard G. Smith announces an investigation
on behalf of investors of Impax Laboratories Inc. (“Impax” or the
“Company”) (NASDAQ: IPXL) investors concerning the Company and its
officers potential violation of federal securities laws.
According to news reports, United States prosecutors may file
criminal charges against Impax by the end of 2016 for suspected
price collusion.
Bloomberg News has reported that the, “antitrust investigation
by the Justice Department, begun about two years ago, now spans
more than a dozen companies and about two dozen drugs, according to
people familiar with the matter. The grand jury probe is
examining whether some executives agreed with one another to raise
prices, and the first charges could emerge by the end of the year,
they said.”
The companies identified as targets or relevant parties in the
United States investigation include Mylan NV, Teva Pharmaceutical
Industries Ltd, Allergan Plc, Lannett Co., Impax Laboratories Inc.,
Sun Pharmaceutical Industries Ltd., Mayne Pharma Group Ltd., Endo
International Plc and Taro Pharmaceutical Industries Ltd.
On this news, shares of Impax fell nearly 20% to close at just
$16.50 per share on November 3, 2016.
If you purchased Impax securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161201006244/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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