Faruqi and Faruqui, LLP Logo
Share this page

Lannett Company, Inc. (LCI)



Faruqi & Faruqi, LLP Launches An Investigation Against Lannett Company, Inc. (LCI) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Lannett Company, Inc. (“LCI” or the “Company”) (NYSE: LCI) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of the 2014 Long-Term Incentive Plan and an amendment to the Company’s Certificate of Incorporation.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 17, 2013, the Board of Directors recommends that Lannett’s shareholders vote to approve the 2014 Long-Term Incentive Plan to set aside 3,000,000 shares for stock option grants and/or restricted stock awards. In addition, the Board of Directors recommends that Lannett’s shareholders vote to approve an amendment to the Company’s Certificate of Incorporation to increase the number of shares of common stock that the Company is authorized to issue from 50,000,000 to 100,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Lannett common stock.

If you own common stock in Lannett Company, Inc. and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.

  • Company:
    Lannett Company, Inc. (LCI)

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

MergerInfo Request
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330


Case Details


  • 12/18/2013

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.