Robbins Arroyo LLP Is Investigating the Officers and Directors of Akorn, Inc. (AKRX) on Behalf of Shareholders

SAN DIEGO & LAKE FOREST, Ill.–(BUSINESS WIRE)–$AKRX #Lawsuit–Shareholder rights law firm Robbins
Arroyo LLP
is investigating whether certain officers and directors
of Akorn, Inc. (NasdaqGS: AKRX) breached their fiduciary duties to
shareholders. In a landmark ruling last week, a Delaware Court
determined that Fresenius SE could walk away from its $4.3 billion deal
to buy pharmaceutical manufacturer Akorn. Soon after the parties signed
the deal documents, Akorn’s financials slumped dramatically. When
Fresenius found that Akorn had breached U.S. Food and Drug
Administration data integrity requirements, the company terminated the
deal due to Akorn’s “failure to fulfill several closing conditions.” The
court agreed that Fresenius validly ended the merger agreement because
Akorn’s regulatory compliance representations were false. On this news,
Akorn’s shares plummeted over 58% to $5.36, their lowest level in seven

View this press release on the firm’s Shareholder Rights Blog:

Akorn Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leonid Kandinov at
(800) 350-6003,,
or via the shareholder
information form
on the firm’s website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. Sign up for our FREE
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Attorney Advertising. Past results do not guarantee a similar outcome.


Robbins Arroyo LLP
Leonid Kandinov
(619) 525-3990 or Toll Free
(800) 350-6003


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