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Stock Market & Financial Investment News

News Breaks
March 3, 2014
09:01 EDTAKRXAkorn finds material weaknesses in internal control over financials
Akorn disclosed in today's earnings release that it filed a form with SEC that allows it to extend the deadline to file its Form 10-K for the year-ended December 31, 2013. Akorn said, "The Company has not completed its testing and assessment of the effectiveness of its internal control over financial reporting due in part to identified control deficiencies related to completeness and accuracy of underlying data used in the determination of certain significant estimates and accounting transactions as well as the existence of inadequate segregation of duties. The Company believes that these deficiencies, or combination of deficiencies, represent material weaknesses in its internal control over financial reporting. There is a possibility that upon completion of its testing and assessment of the effectiveness of internal controls over financial reporting, the Company may determine that there are additional material weaknesses. The Company expects to file within the 15-day extension period and expects final financial results will be consistent with those reported in this release."
News For AKRX From The Last 14 Days
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September 19, 2014
14:18 EDTAKRXAkorn competition settlement over VersaPharm deal approved by FTC
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September 15, 2014
07:10 EDTAKRXAkorn potential KUDCo deal makes strategic sense, says Piper Jaffray
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September 12, 2014
09:00 EDTAKRXNeedham skeptical of potential Akorn deal for Kremers
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September 11, 2014
12:56 EDTAKRXAkorn exploring 'inversion' deal for Belgian drugmaker unit, Reuters says
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12:55 EDTAKRXAkorn pursuing potential inversion deal for UCB unit, Reuters says
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