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Questions Asked After Akorn’s Sudden Shutdown

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

 
• By Dave Wallace

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.

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