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Twin Master Fund, Ltd. et al v. Akorn, Inc. et al
Case Number:
1:19-cv-03648
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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October 01, 2020
Akorn Seeks Del. Ch. 11 OK For $9M Stockholder Suit Deal
Bankrupt biopharmaceutical company Akorn Inc. sought a Delaware court's approval late Wednesday for an at least $9 million global settlement of holdout-stockholder suits targeting the company for regulatory and data integrity failures that collapsed its $4.3 billion merger agreement with Fresenius Kabi AG in 2017.
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February 06, 2020
Akorn Can't Duck Investor Suits Over Collapsed $4.3B Merger
Akorn Inc. must face two securities fraud suits over its $4.3 billion merger that imploded after regulatory violations came to light, an Illinois federal judge ruled Wednesday, finding that the generic drug-maker plausibly deceived shareholders in its financial filings.