AQR Funds Sue Pharma Company over 'Massive Fraud'

FundFire
January 22, 2020

John Hunt was quoted in the article entitled, "AQR Funds Sue Pharma Company over 'Massive Fraud,'" which was published in FundFire [sub. req.] on January 22, 2020. 

The article discusses a group of AQR Capital Management funds that recently filed suit against generic pharmaceutical company Akorn Inc. and several of its current or former employees, alleging “massive fraud” that resulted in “significant investment losses.” Neither AQR nor Akorn commented on the litigation, but John weighed in, stating that"[a]sset managers often will go it alone instead of joining investment loss class actions when they’ve invested significant amounts." 

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