Akorn Holding Company LLC, along with its two affiliates, filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Delaware on February 23, 2023. The debtor listed its assets as Nil and liabilities in the amount of $5.65 million. The debtor is represented by Matthew Barry Lunn and Joseph M Mulvihill of Young, Conaway, Stargatt & Taylor LLP as its legal counsel.