Drug Company To Pay $24M To Settle Claims In Securities Class Action Suit

(November 27, 2017, 8:37 AM EST) -- CHICAGO — Pharmaceutical company Akorn Inc. has agreed to pay $24 million to settle claims that it and certain of its current and former executive officers misrepresented the company’s financial results in violation of federal securities laws, according to a motion for preliminary approval of settlement filed by lead plaintiffs in Illinois federal court on Nov. 20 (In re Akorn Inc. Securities Litigation, No. 15-1944, N.D. Ill.)....