SOURCE: Kahn Swick & Foti, LLC

Kahn Swick & Foti

November 25, 2016 22:07 ET

IMPAX SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Impax Laboratories Inc. - IPXL

NEW ORLEANS, LA--(Marketwired - November 25, 2016) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 9, 2017 to file lead plaintiff applications in securities class action lawsuit against Impax Laboratories Inc. (NASDAQ: IPXL), if they purchased the Company's securities between February 25, 2014 through November 3, 2016, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of New Jersey.

What You May Do

If you purchased shares of Impax and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 9, 2017.

About the Lawsuit

Impax and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On November 3, 2016, Bloomberg reported that an "antitrust investigation by the Justice Department, begun about two years ago, now spans more than a dozen companies," including Impax, "and about two dozen drugs." The article further stated that a "grand jury probe is examining whether some executives agreed with one another to raise prices, and the first charges could emerge by the end of the year." Additionally, according to Bloomberg, "[g]eneric drug companies are also contending with a civil price-fixing investigation by [the] Connecticut Attorney General."

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.

Contact Information

  • Contact:
    Kahn Swick & Foti, LLC
    Lewis Kahn
    Managing Partner
    lewis.kahn@ksfcounsel.com
    1-877-515-1850
    206 Covington St.
    Madisonville, LA 70447