In re Akorn, Inc. Securities Litigation

UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION In re AKORN, INC. SECURITIES LITIGATION ) ) 15 C 1944 ) ) Judge Gary Feinerman MEMORANDUM OPINION AND ORDER Three individuals (“Named Plaintiffs”) bring this suit against Akorn, Inc. and two of its officers, Rajat Rai and Timothy A. Dick, on behalf of themselves and a class of others who purchased Akorn stock between May 6, 2014 and April 24, 2015, alleging violations of §§ 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b), 78t(a), and SEC Rule 10b-5, 17 C.F.R. § 240.10b-5. Doc. 82.…