SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Hi-Tech

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of
Breaches of Fiduciary Duty by the Board of Hi-Tech Pharmacal Co. in Connection
With the Sale of the Company to Akorn, Inc. -- HITK

NEW YORK, Sept. 12, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies
investors of Hi-Tech Pharmacal Co. ("Hi-Tech" or the "Company") (Nasdaq:HITK)
of claims of breaches of fiduciary duty and other violations of state law
against the board of directors of the Company in connection with the sale of
the Company to Akorn, Inc. (Nasdaq:AKRX). A complaint was filed in Delaware
state court.

Click here to learn more about the case
http://zlk.9nl.com/hi-tech-pharmacal-hitk/, or call: 877-363-5972. There is no
cost or obligation to you.

Under the terms of the transaction, Hi-Tech shareholders will receive $43.50
for each share of Hi-Tech stock they own. The transaction has a total
approximate value of $640 million. The claims concern whether the Hi-Tech
Board of Directors breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into this transaction,
and whether Akorn, Inc. is underpaying for Hi-Tech shares.

If you own Hi-Tech common stock and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/hi-tech-pharmacal-hitk/.

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.

CONTACT: 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: (212) 363-7171
         www.zlk.com
 
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