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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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June 19, 2015
08:56 EDTAKRXAkorn hacked, customer records stolen, CSO reports
Pharmaceutical company Akorn had its computer systems hacked and the perpetrator is ransoming the customer database, which includes more than 50,000 records, back to the company or threatening to sell the data to the highest bidder, reported CSO. When contacted for comment, Akorn confirmed the breach and stated that they were alerting customers and cooperating fully with law enforcement officials, including the DEA. "Although much of the information acquired is publicly available, we are in the process of notifying our valued customers about this incident," Akorn stated. Reference Link

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