TORONTO--(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.
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%.