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Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Class Action

A class claims in Cook County that Akorn Inc.'s directors are undervaluing the pharmaceutical company by more than 65 percent at $34 per share in a hasty sale to Fresenius that would enrich Akorn's chairman of the board, who owns an illiquid 25 percent stake in the company.

CHICAGO – A class claims in Cook County that Akorn Inc.'s directors are undervaluing the pharmaceutical company by more than 65 percent at $34 per share in a hasty sale to Fresenius that would enrich Akorn's chairman of the board, who owns an illiquid 25 percent stake in the company.

Categories / Business, Securities

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