Case Page

 

Case Status:    DISMISSED    
On or around 11/21/2017 (Other)

Filing Date: June 02, 2017

According to a law firm press release, pursuant to the terms of the Merger Agreement, Fresenius will acquire all of the outstanding shares of Akorn common stock for $34.00 per share in cash.

On May 22, 2017, the Company filed a proxy statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. According to the Complaint, the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

On June 30, 2017, the Court issued an Order Consolidating Cases. On July 5, this case was transferred to the District Court for the Northern District of Illinois.

On July 14, 2017, Plaintiff filed a stipulation to voluntarily dismiss this action. The Court dismissed the case without prejudice on July 19.




COMPANY INFORMATION:

Sector: Healthcare
Industry: Major Drugs
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AKRX
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. Illinois
DOCKET #: 17-CV-00350
JUDGE: Hon. Brian A. Jackson
DATE FILED: 06/02/2017
CLASS PERIOD START: 04/24/2017
CLASS PERIOD END: 06/02/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. O'Bell, L.L.C.
    3500 North Hullen Street, O'Bell, L.L.C., LA 70002
    504.456.8600 504.456.8653 ·
  2. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 · info@rigrodskylong.com
  3. RM Law, P.C.
    1055 Westlakes Drive, Suite 3112, RM Law, P.C., PA 19312
    (484) 324-6800 ·
No Document Title Filing Date
COURT: N.D. Illinois
DOCKET #: 17-CV-05016
JUDGE: Hon. Brian A. Jackson
DATE FILED: 07/05/2017
CLASS PERIOD START: 04/24/2017
CLASS PERIOD END: 06/02/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
No Document Title Filing Date