An investigation on behalf of current long term investors in Akorn, Inc. (NASDAQ: AKRX) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 05/20/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Akorn, Inc..
Investors who are current long term investors in Akorn, Inc. (NASDAQ: AKRX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: AKRX stocks follows a lawsuit filed against Akorn, Inc. over alleged securities laws violations. The investigation on behalf of investors in NASDAQ: AKRX stocks, concerns whether certain Akorn, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges 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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.