Law Firm of Wohl & Fruchter LLP Announces Investigation of Questcor Pharmaceuticals, Inc.

Before you go, we thought you'd like these...
Before you go close icon

Law Firm of Wohl & Fruchter LLP Announces Investigation of Questcor Pharmaceuticals, Inc.

NEW YORK--(BUSINESS WIRE)-- The law firm of Wohl & Fruchter LLP announces that it has commenced an investigation into possible violations of federal securities laws by officers and directors of Questcor Pharmaceuticals, Inc. (Questcor) (NAS: QCOR) .


Questcor derives substantially all of its revenue from the sale of Repository Corticotropin Injection, also known as HP Acthar Gel (Acthar).

On September 14, 2012, Aetna, one of the largest private insurance providers in the United States, issued a Clinical Policy Bulletin concluding that based on its review of relevant medical studies, Acthar was "not medically necessary" for several conditions for which it has been prescribed, and that as a result, Aetna would cease coverage of Acthar for those conditions.

Wohl & Fruchter's investigation concerns whether officers and directors of Questor violated federal securities laws by misstating or failing to disclose relevant information relating to Acthar, including its status as a drug approved for reimbursement with Aetna and other third party payers.

Persons with relevant information, and Questcor shareholders with questions about this investigation, are invited to contact our Firm by calling 866.582.8140.

Additional information is available on our website at: http://www.wohlfruchter.com/cases/qcor.

About Wohl & Fruchter

Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

This release may be deemed to constitute attorney advertising.



Wohl & Fruchter LLP
J. Elazar Fruchter (jfruchter@wohlfruchter.com)
845-425-4658 or Toll Free 866-582-8140
www.wohlfruchter.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Law Firm of Wohl & Fruchter LLP Announces Investigation of Questcor Pharmaceuticals, Inc. originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners