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Lannett Company, Inc. (LCI)

NYSE:LCI

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Lannett Company, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Lannett Company, Inc. (“Lannett” or the “Company”) (NYSE:LCI).

The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that the Company had engaged in activity that would prompt a Department of Justice (“DOJ”) antitrust investigation that could lead to potential criminal charges against the Company.

Specifically, on November 3, 2016, Bloomberg published the article titled “U.S. Charges in Generic-Drug Probe to Be Filed by Year End” which discussed the DOJ’s two year investigation of suspected price collusion by several pharmaceutical companies.  The article included Lannett among the companies being investigated and it also states that the investigation will likely result in prosecutors filing criminal charges by the end of the year.

On these news, Lannett’s share price fell from $2.350 per share on November 2, 2016 to a closing price of $17.25 on November 3, 2016—a $6.25 or a 26.6% drop.

Take Action

If you invested in Lannett common stock and options and would like to discuss your legal rights, please fill out the form below.  You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding Lannett’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

 

Request Information

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

  • Case:
    Lannett Company, Inc. (LCI)
  •    

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

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 11/14/2016

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