Questions Asked After Akorn’s Sudden Shutdown

US Representative Expresses ‘Deep Concerns’ As Company Ceases All Operations

Akorn is facing questions after suddenly shutting down its operations and terminating its employees, with a chapter 7 bankruptcy filing on the cards. Answers are being sought over why the company did not provide advance warnings to employees given the precarious state of its finances.

Chapter 7 bankruptcy
Akorn is to file for chapter 7 bankruptcy • Source: Shutterstock

Troubled US firm Akorn is facing questions in the wake of a sudden shutdown of its operations and termination of its employees, coinciding with the company filing for chapter 7 bankruptcy.

The latest developments cap years of turmoil for Akorn, which had at one point seen itself become the target of...

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