NEW ORLEANS, Dec. 9, 2016 /PRNewswire/ -- 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 a securities class action
lawsuit against Impax Laboratories Inc. (NasdaqGS: IPXL), if they
purchased the Company's securities between February 20, 2014 through November 3, 2016, inclusive (the "Class Period").
This action is pending in the United States District Court
for the Districts of New Jersey
and California.
What You May Do
If you purchased securities 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:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC