NEW YORK, Aug. 8, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Depomed, Inc. ("Depomed" or the "Company") (NASDAQ:DEPO).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose Company activities that might have led to an investigation by the regulatory government authorities regarding its opioid products.
Specifically, during an investor call held post-market on August 7, 2017, the Company announced that on July 28, 2017 the Company received a subpoena from the Department of Justice and the office of the Attorney General of Maryland regarding its commercialization practices for its opioid products, NUCYNTA and Lazand. The Company reported that it "will be incurring legal expenses in support of [its] responses which are reflected in [its] updated guidance." On this news, the Company's stock price has declined.
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