SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors With Losses on Their
Investment in Impax Laboratories Inc. of Class Action Lawsuit
and the Deadline of May 6, 2013 to Seek a Lead Plaintiff Position
NEW YORK, NY -- (Marketwired) -- 04/04/13 -- Levi & Korsinsky
announces that a class action lawsuit has been commenced in the
United States District Court for the Northern District of California
on behalf of investors who purchased Impax Laboratories Inc. ("Impax"
or the "Company") (NASDAQ: IPXL) stock between June 6, 2011 and March
For more information, click here:
The complaint alleges that during the Class Period, the Company and
certain of its officers and directors made materially false and
misleading statements in connection with manufacturing deficiencies
at the Company's Hayward facility. On March 4, 2013, Impax announced
that the FDA had completed an inspection of the Company's Hayward,
California facility, finding twelve problems at the facility that the
Company needed to correct. Impax also announced that due to
continuing manufacturing deficiencies, the Company did not expect to
launch its RytaryTM drug until 2014. Upon this news, shares of Impax
fell 26%, to close at $14.80 per share on March 5, 2013.
If you suffered a loss in Impax you have until May 6, 2013 to request
that the Court appoint you as lead plaintiff. Your ability to share
in any recovery doesn't require that you serve as a lead plaintiff.
To obtain additional information, contact Joseph E. Levi, Esq. either
via email at email@example.com or by telephone at (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as lead
counsel on behalf of shareholders in major securities lawsuits and
have successfully recovered multimillion-dollar damages awards on
behalf of investors. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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