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EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Akorn, Inc.

2015-04-24 19:19 ET - News Release


Company Website: http://rosenlegal.com/cases-589.html
NEW YORK -- (Business Wire)

The Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of investors of Akorn, Inc. (NASDAQ:AKRX) resulting from allegations that Akorn may have issued materially misleading business information to the investing public.

On April 24, 2015, Akorn announced it will restate its previously issued financial statements for the annual period ending December 31, 2014 and the quarterly periods ending June 30, 2014, September 30, 2014 and December 31, 2014 due to errors identified during the first quarter 2015 financial review process. During the review process, the Company identified errors related to understatements of rebates and other sales allowances that led to an overstatement of the Company's net revenue for the affected periods described above. On this news, shares of Akorn fell during after hours trading on April 23, 2015.

The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Akorn investors. If you purchased shares of Akorn on or before April 24, 2015, please visit the firm’s website at http://rosenlegal.com/cases-589.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contacts:

The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com

Source: The Rosen Law Firm

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