Health & Fitness
Health and Fitness
Health and Fitness
Wed, March 20, 2013Tue, March 19, 2013Mon, March 18, 2013Sun, March 17, 2013Fri, March 15, 2013Thu, March 14, 2013Wed, March 13, 2013Tue, March 12, 2013Mon, March 11, 2013Sun, March 10, 2013Sat, March 9, 2013Fri, March 8, 2013Thu, March 7, 2013Wed, March 6, 2013Tue, March 5, 2013Mon, March 4, 2013Sun, March 3, 2013Sat, March 2, 2013Fri, March 1, 2013Thu, February 28, 2013Wed, February 27, 2013Tue, February 26, 2013Mon, February 25, 2013Harwood Feffer LLP Announces Investigation of Impax Laboratories, Inc.
Published in Health and Fitness on Wednesday, March 6th 2013 at 8:15 GMT by Market Wire
Harwood Feffer LLP Announces Investigation of Impax Laboratories, Inc. -- NEW YORK, March 6, 2013 /PRNewswire/ --
NEW YORK, March 6, 2013 /PRNewswire/ -- Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of Impax Laboratories, Inc. ("Impax" or the "Company") (NASDAQ: [ IPXL ]), concerning whether the board has breached its fiduciary duties to shareholders.
(Logo: [ http://photos.prnewswire.com/prnh/20120215/MM54604LOGO ])
On March 4, 2013, the Company disclosed that the Food and Drug Administration ("FDA") had identified 12 different problems at a Hayward, California manufacturing facility that must be resolved. The Company had purportedly already addressed three of the problems cited by the FDA.
On this news, Impax shares lost more than 25% of their value in one day of trading to close at $14.80 per share on March 5, 2013, down from $19.96 per share at close on March 4, 2013.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Impax shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: [ bsachsmichaels@hfesq.com ]
Website: [ http://www.hfesq.com ]
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ([ http://www.hfesq.com ]) for more information about the firm.
Attorney Advertising. © 2013 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ([ www.hfesq.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP
RELATED LINKS
[ http://www.hfesq.com ]
