Investor Alert: Kalloghlian Myers LLP Encourages Akumin Inc. Investors to Inquire About a Class Action Investigation

·1 min read

TORONTO, October 18, 2021--(BUSINESS WIRE)--If you purchased Akumin Inc. (TSX:AKU) shares, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. Kalloghlian Myers LLP is investigating a class action seeking recovery of investor losses.

To join the prospective class action, go to www.kalloghlianmyers.com/akumin or call Garth Myers at (647) 969-4472 or email contact@kalloghlianmyers.com for information on the class action.

On August 15, 2021, Akumin issued a press release announcing a delay in the release of its interim financial report for the quarter ended June 30, 2021 and an application for a management cease trade order from the Ontario Securities Commission. On this announcement, Akumin’s share price fell on the TSX from $3.73 at the close of trading on August 13 to $3.05 at the close of trading on August 16, or a decline of 18%.

On October 12, 2021, Akumin issued a press release announcing that it had identified issues in the recording of write-offs and cash collection and that it was restating financial statements and management’s discussion and analysis. On this announcement, Akumin’s share price fell on the TSX from $3.10 at the close of trading on October 8 to $2.55 at the close of trading on October 15, or a decline of almost 18%.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211018005945/en/

Contacts

Garth Myers
garth@kalloghlianmyers.com
(647) 969-4472

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