Akorn
Executive Summary
John Kapoor did not found the ophthalmics pharmaceutical company ("The Pink Sheet" Aug. 31, T&G-10) but became an investor in Akorn on Nov. 11, 1990 and was made chairman, his first official position, on Dec. 7, 1991. "As chairman, he participated in the decision to buy Taylor [Pharmaceutical] and to shut down Walnut [Pharmaceutical]. At no time has Kapoor participated in the day-to- day management or operations at either facility nor is he an officer of the company," Kapoor representatives write "The Pink Sheet" Sept. 14.