NEW YORK, May 12, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Akari Therapeutics, Plc ("Akari" or the "Company") (NASDAQ: AKTX).
The investigation focuses on whether the Company and its executives violated federal securities laws. Specifically, on May 11, 2017, Akari filed a Form 6-K with the Securities and Exchange Commission announcing that Akari has established an ad hoc special committee to review the involvement of Company personnel regarding a report issued on April 26, 2017 by Edison Investment Research Inc., an investment research and advisory company. Furthermore, the Form 6-K disclosed that Dr. Gur Roshwalb, the Company's Chief Executive Officer, has been placed on administrative leave while the review is pending.
As a result, the price of Akari's American Depositary Receipts ("ADRs") declined significantly, causing harm to investors.
If you invested in Akari ADRs and would like to discuss your legal rights, click here: www.faruqilaw.com/AKTX. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org.
FARUQI & FARUQI, LLP
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New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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