Faruqi & Faruqi, LLP Announces Investigation of K-V Pharmaceutical Company
October 28 2011 - 3:30PM
Business Wire
Faruqi & Faruqi, LLP, a national law firm concentrating on
investor rights, consumer rights and enforcement of federal
antitrust laws, is investigating potential wrongdoing at K-V
Pharmaceutical Company (“K-V” or the “Company”) (NYSE: KV-A) (NYSE:
KV-B). Faruqi & Faruqi, LLP seeks to determine whether certain
officers and directors at K-V violated federal securities laws in
connection with statements made to the Company's shareholders.
Request more information now by clicking here:
www.faruqilaw.com/KV.
The investigation focuses on whether certain individuals
violated federal securities laws by, among other things, failing to
disclose that: (1) the Company had inaccurately claimed that the
Food and Drug Administration (the “FDA”) was granting K-V the
exclusive distribution rights over “Makena,” a drug used to prevent
miscarriages; (2) the FDA would not be enforcing K-V’s rights by
preventing the Company’s competitors from distributing generic
formulations of the drug; and (3) the drug’s $1,500 price would
reduce the availability of Makena to low-income and other at-risk
groups.
On March 30, 2011, the FDA revealed that it did not intend to
take enforcement action against K-V’s competitors for distributing
generic versions of K-V’s Makena.
Take Action
If you purchased K-V securities between February 14, 2011 and
April 4, 2011 and you would like to discuss your legal rights,
visit www.faruqilaw.com/KV. You can also contact us by calling
Anthony Vozzolo or Richard W. Gonnello toll free at 877-247-4292 or
at 212-983-9330 or by sending an e-mail to avozzolo@faruqilaw.com
or rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also
encourages anyone with information regarding K-V's conduct during
the period in question to contact the firm, including
whistleblowers, former employees, shareholders and others.
About Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP is a national law firm, representing
investors, consumers and companies in the prosecution of claims
under state corporate and consumer laws and the federal securities
and antitrust laws. The lawyers at Faruqi & Faruqi, LLP have
demonstrated a clear commitment to championing the rights of
shareholders and consumers nationwide.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We welcome the
opportunity to discuss your particular case. All communications
will be treated in a confidential manner.
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