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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
CUSTOMERS INVOICES COMMISSION REPORT RESERVE EXCHANGE ACT CONSULTANT RECONCILE RESPONDENT CREDITS CONTROLS AGING COMMITTEE COLLECTING SECURITIES BOOKS WHOLESALE AUDITORS DIRECTORS PRIOR DETERMINATION ACCORDANCE PROPER DISCLOSE PAYMENTS STAFF BALANCE VIOLATION INVOICES TOTALING |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 48546 / September 25, 2003
ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 1873 / September 25, 2003
ADMINISTRATIVE PROCEEDING
File No. 3-11272
_________________________________________________________________
In the Matter of
AKORN, INC.,
Respondent.
_________________________________________________________________
ORDER INSTITUTING CEASE-AND-DESIST PROCEEDINGS, MAKING FINDINGS AND
IMPOSING A CEASE-AND-DESIST ORDER
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate to institute public cease-and-desist proceedings against
Akorn, Inc. ("Akorn" or the "Respondent") pursuant to Section 21C of
the Securities Exchange Act of 1934 ("Exchange Act").
In anticipation of the institution of these administrative
proceedings, Akorn has submitted an Offer of Settlement ("Offer"),
which the Commission has determined to accept. Solely for the purpose
of these proceedings and any other proceedings brought by or on behalf
of the Commission or in which the Commission is a party, and without
admitting or denying the findings herein, except that Respondent
admits the jurisdiction of the Commission over it and over the matters
set forth herein, Respondent has consented to the entry of this Order
Instituting Cease-and-Desist Proceedings, Making Findings and Imposing
a Cease-and-Desist Order ("Order") as set forth below.
II.
On the basis of this Order and the Offer submitted by Respondent, the
Commission finds that
SNIPPETS:
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