NEW YORK, March 12, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announces the filing of a class action lawsuit on behalf of
shareholders who bought shares of Akorn, Inc. (NASDAQ: AKRX) from August 1, 2018 through January 8, 2019, inclusive. The lawsuit
seeks to recover damages for Akorn investors under the federal securities laws.
If you wish to serve as lead plaintiff, you must move the Court no later than April 22, 2019. A lead plaintiff
is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation,
http://zhanginvestorlaw.com/join-action-form/?slug=akorn-inc&id=1747 or to discuss your
rights or interests regarding this class action, please contact Sophie Zhang, Esq. or Spencer Lee toll-free at 800-991-3756 or
email info@zhanginvestorlaw.com, slee@zhanginvestorlaw.com for information on the class action.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Akorn’s
management misled investors concerning the severity of Akorn’s manufacturing violations at its Decatur, Illinois facility; (2)
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; (3) Akorn
repeatedly failed to correct manufacturing violations at this facility; (4) the foregoing would subject Akorn to heightened
regulatory scrutiny by the FDA; and (5) as a result, Akorn’s public statements were materially false and misleading at all relevant
times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Zhang Investor Law represents investors worldwide.
Zhang Investor Law P.C.
99 Wall Street, Suite 232
New York, New York 10005
info@zhanginvestorlaw.com
tel: (800) 991-3756