BRIEF-Fresenius says believes that Akorn lawsuit is without foundation [Reuters]
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Source: Reuters
BRIEF-Fresenius says believes that Akorn lawsuit is without foundation | Reuters Reuters Staff 1 Min Read April 23 (Reuters) - Fresenius Se says: * AKORN, INC. SUES FRESENIUS FOR CONSUMMATION OF MERGER AGREEMENT AFTER ITS TERMINATION BY FRESENIUS * FRESENIUS BELIEVES THAT LAWSUIT IS WITHOUT FOUNDATION, BECAUSE AKORN FAILED TO FULFILL SEVERAL CLOSING CONDITIONS * AMONG OTHERS, FRESENIUS’ INDEPENDENT INVESTIGATION FOUND MATERIAL BREACHES OF FDA^1 DATA INTEGRITY REQUIREMENTS RELATING TO AKORN’S OPERATIONS. FRESENIUS WILL TAKE ALL NECESSARY AND APPROPRIATE MEASURES TO VIGOROUSLY CONTEST CLAIMS * BELIEVES THAT LAWSUIT IS WITHOUT FOUNDATION, BECAUSE AKORN FAILED TO FULFILL SEVERAL CLOSING CONDITIONS Further company coverage: All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved.
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