Akumin, Inc. (NASDAQ: AKU)

This investigation is for anyone who acquired securities in Akumin, Inc. (NASDAQ: AKU) prior to August 15, 2021.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that it had proper controls in place to prevent improper accounting but then the Company underreported its credit losses.

On Sunday, August 15, 2021, Akumin announced that it would not timely file its financial report for the period ended June 30, 2021 because the Company requires “additional information and analysis relate[d] to potential additional credit losses with respect to prior years.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Akumin, Inc. (NASDAQ: AKU) prior to August 15, 2021 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.