Lawsuit for Investors in Lannett Company, Inc. (NYSE:LCI) over alleged Violations of Securities Laws announced by Shareholders Foundation

Wednesday, December 7, 2016 6:35 PM UTC

SAN DIEGO, Dec. 07, 2016 -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in Pennsylvania on behalf of certain purchasers of shares of Lannett Company, Inc. (NYSE:LCI) over alleged Securities Laws Violations by Lannett Company.

Investors, who purchased shares of Lannett Company, Inc. (NYSE:LCI) in August 2013 or earlier and currently hold any of those NYSE:LCI shares, have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants made allegedly false and/or misleading statements and/or failed to disclose that Lannett Company, Inc. was fixing, maintaining, and controlling prices of digoxin in violation of Connecticut antitrust laws, that Lannett Company, Inc. was allocating and dividing customers and territories with competitors relating to the sale of digoxin in violation of Connecticut antitrust laws, that Lannett Company, Inc.’s anticompetitive practices subjected Lannett to heightened regulatory scrutiny, including possible investigation by the Connecticut Office of the Attorney General ("CTAG"), and that as a result of the foregoing, Lannett Company, Inc.'s public statements were allegedly materially false and misleading at all relevant times.

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
          [email protected]
          3111 Camino Del Rio North
          Suite 423
          San Diego, CA 92108

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Lawsuit for Investors in Lannett Company, Inc. (NYSE:LCI) over alleged Violations of Securities Laws announced by Shareholders Foundation

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