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Case Status:    ONGOING    
On or around 06/02/2017 (Ongoing date of last review)

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.


Sector: Healthcare
Industry: Major Drugs
Headquarters: United States


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

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"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: M.D. Louisiana
DOCKET #: 17-CV-00350
JUDGE: Hon. Brian A. Jackson
DATE FILED: 06/02/2017
CLASS PERIOD END: 06/02/2017
  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 ·
  3. RM Law, P.C.
    1055 Westlakes Drive, Suite 3112, RM Law, P.C., PA 19312
    (484) 324-6800 ·
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