An investigation for investors in Akorn, Inc. (NASDAQ:AKRX) shares over potential securities laws violations by Akorn was announced and NASDAQ:AKRX stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/01/2015 -- An investigation for investors in NASDAQ:AKRX shares over potential securities laws violations by Akorn, Inc. and certain of its directors and officers was announced.
Shares of Akorn, Inc. (NASDAQ:AKRX) declined to as low as $33.00 per share on August 24, 2015.
Investors who purchased shares of Akorn, Inc. (NASDAQ:AKRX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Akorn, Inc. (NASDAQ:AKRX) concerning whether a series of statements by Akorn, regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 2, 2015, after the close of trading, Akorn, Inc. filed a Form 12b 25,Notification Of Late Filing, with the Securities and Exchange Commission ("SEC"), announcing that it would need an extension to file its annual report on Form 10-K for the year ending December 31, 2014. Akorn, Inc. said it experienced unforeseen delays in collecting and compiling certain financial and other related data that would be included in the Form 10-K relating to the VersaPharm and Hi-Tech Pharmacal subsidiaries which were not integrated into the Company's centralized accounting department and accounting systems as of December 31, 2014.
On August 4, 2015 Akorn, Inc. (Nasdaq:AKRX) announced the appointment of Randall Pollard as Chief Accounting Officer and Interim Chief Financial Officer. Mr. Pollard's appointment follows the departure of Timothy Dick, who has elected to step down as Senior Vice President and Chief Financial Officer.
Those who purchased shares of Akorn, Inc. (NASDAQ:AKRX) have certain options and should contact the Shareholders Foundation.
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