AMNEAL INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Amneal Pharmaceuticals, Inc. – AMRXMay 18, 2019
NEW ORLEANS–(BUSINESS WIRE)–lt;a href="https://twitter.com/search?q=%24AMRX&src=ctag" target="_blank"gt;$AMRXlt;/agt; lt;a href="https://twitter.com/hashtag/AMRX?src=hash" target="_blank"gt;#AMRXlt;/agt;–Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces
that KSF has commenced an investigation into Amneal Pharmaceuticals,
Inc. (NYSE: AMRX).
For many years, the Company, (formerly Impax Laboratories Inc.), which
develops, manufactures, and markets bioequivalent, generic,
pharmaceutical products, has been embroiled in investigations and
litigation by state and federal authorities and relating to claims that
it colluded with other competitor companies in a price-fixing scheme
resulting in exponential price increases of certain products.
The Company has been sued in a securities class action lawsuit for
failing to disclose material information to shareholders, violating
federal securities laws, which is ongoing. Recently, the Company was
among those sued in a wide-ranging lawsuit brought by 44 state attorneys
general alleging an illegal conspiracy to inflate prices of more than
100 generic drugs, sometimes by more than 1,000%, and stifle competition.
KSF’s investigation is focusing on whether Amneal’s officers and/or
directors breached their fiduciary duties to Amneal’s shareholders or
otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or
have been a long-term holder of Amneal shares and would like to discuss
your legal rights, you may, without obligation or cost to you, call
toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]),
or visit https://www.ksfcounsel.com/cases/nyse-amrx/
to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner