SAN DIEGO, CA / ACCESSWIRE / April 24, 2017 / The Shareholders Foundation, Inc. announces that a lawsuit is pending on behalf of certain purchasers of NYSE: LCI shares against Lannett Company, Inc over alleged Violations of Securities Laws.
Investors who purchased shares of Lannett Company, Inc. (NYSE: LCI) prior to September 2013 and continue to hold any NYSE: LCI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779-1554.
On November 3, 2016, an article titled "U.S. Charges in Generic-Drug Probe To Be Filed By Year-End" was published revealing that in connection with the DOJ's investigation of a dozen companies, including Lannett Company, Inc, U.S. prosecutors may file criminal charges by the end of 2016 for suspected price collusion.
On November 16, 2016, a lawsuit was filed for certain investors in NYSE:LCI shares against Lannett Company, Inc. over alleged securities laws violations. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Lannett's drug pricing relied on unsustainable pricing methodologies, that Lannett lacked effective internal controls concerning its drug pricing methodologies, and that as a result, Lannett's public statements were materially false and misleading at all relevant times and spurred ongoing investigations by the State of Connecticut Office of the Attorney General and the U.S. Department of Justice. Additionally, media outlets reported that the underlying conduct would likely lead U.S. prosecutors to file criminal charges against Lannett by the end of 2016 for suspected price collusion.
Those who purchased Lannett Company, Inc. (NYSE: LCI) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
ReleaseID: 460361
