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UPDATE 1-Akorn settles U.S. SEC claims stemming from financial restatement [Reuters]
US:NASDAQ Investor Relations: investors.akorn.com
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UPDATE 1-Akorn settles U.S. SEC claims stemming from financial restatement | Reuters Reuters Staff 2 Min Read (Adds details on settlement) March 26 (Reuters) - Akorn Inc and two former executives have agreed to settle claims stemming from inaccurate financial statements the generic drugmaker issued in 2014 that it later needed to restate, the U.S. Securities and Exchange Commission on Monday said. Akorn, former Chief Financial Officer Timothy Dick and former Controller David Hebeda agreed to settle a lawsuit filed in federal court in Chicago. Dick and Hebeda each agreed to pay a $20,000 penalty, the SEC said. Akorn will not have to pay any money as part of the settlement. It instead consented to a court order being entered enjoining it from future financial reporting and internal accounting control violations of the Securities Exchange Act. The Lake Forest, Illinois-based company and two former executives agreed to settle the case without admitting or denying wrongdoing. Akorn and law
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NEWS
- Akorn, Inc. (NASDAQ: AKRX) was given a new $9.00 price target on by analysts at Piper Jaffray Companies. They now have a "buy" rating on the stock.[MarketBeat]
- Robbins Arroyo LLP: Shareholder Lawsuit Filed Against Officers and Directors of Akorn, Inc. (AKRX)[Business Wire]
- Akorn, Inc. (NASDAQ: AKRX) was given a new $6.00 price target on by analysts at Royal Bank of Canada. They now have a "hold" rating on the stock.[MarketBeat]
- Akorn, Inc. (NASDAQ: AKRX) was given a new $11.00 price target on by analysts at Craig Hallum. They now have a "buy" rating on the stock.[MarketBeat]
- Akorn CEO Steps Down After Loss of $4.3 Billion Fresenius Deal [Fortune][Fortune]
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AKRX
SEC Filings
SEC Filings
- 12/7/18 - Form 8-K
- 11/27/18 - Form 8-K
- 11/21/18 - Form DEF
- AKRX's page on the SEC website
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