Shareholder Rights Law Firm Johnson & Weaver, LLP is Appointed by the United States District Court to Pursue Claims for the

  Shareholder Rights Law Firm Johnson & Weaver, LLP is Appointed by the United
  States District Court to Pursue Claims for the Benefit of Questcor and Its
  Shareholders

Business Wire

SAN DIEGO -- February 14, 2013

The United States District Court for the Central District of California
recently appointed Johnson & Weaver, LLP to pursue a derivative action on
behalf of Questcor Pharmaceuticals Inc. (NASDAQ: QCOR) against certain
officers and directors of the company for allegedly breaching their fiduciary
duties to the company. A shareholder derivative action is recognized by the
law to allow shareholders to enforce a company’s rights when the board of
directors fails or refuses to do so. The derivative action is an effective
tool for calling the management and the board of directors to account for
their wrongs against the corporation.

Several class action lawsuits were filed against Questcor in September and
October 2012. These lawsuits alleged that certain defendants made false and
misleading statements about the company’s principal pharmaceutical product,
engaged in improper marketing practices for that product, and engaged in
unlawful insider trading.

“The court appointed my firm to represent the interests of Questcor and its
shareholders who continue to hold their stock,” said Frank J. Johnson, partner
of Johnson & Weaver, LLP. “If Questcor is damaged as a result of any false
statements made by certain individuals, then those individuals rather than the
company should be held accountable.” In addition to seeking damages, Mr.
Johnson’s law firm is seeking amendments to the company’s corporate governance
to prevent the reoccurrence of similar incidents. Questcor shareholders who
have questions about their legal rights and remedies should contact Mr.
Johnson or Shawn Fields at (619) 230-0063 or frankj@johnsonandweaver.com.

Johnson & Weaver, LLP is a nationally recognized shareholders’ rights law
firm. The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com.

Contact:

Johnson & Weaver, LLP
Frank J. Johnson, 619-230-0063
frankj@johnsonandweaver.com
 
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