Biosciences Company Hit With Stock-Drop Suit Over Internal Controls Reporting

(June 15, 2018, 11:04 AM EDT) -- NEWARK, N.J. — An investor sued a biosciences company and certain of its senior officers and directors in New Jersey federal court on June 13, alleging that the defendants concealed certain weaknesses in the company’s internal controls, allowing it to improperly recognize revenue in violation of federal securities laws (Tim Faulkner v. Akers Biosciences Inc., et al., No. 18-10521, D. N.J.)....

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