AKOUOS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Akouos, Inc. - AKUS

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Oct 19, 2022

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Akouos, Inc. (NasdaqGS: AKUS) to Eli Lilly and Company (NYSE: LLY). Under the terms of the proposed transaction, shareholders of Akouos will receive only $12.50 in cash, plus one contingent value right (CVR) of up to $3.00 for each share of Akouos that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.