A lawsuit was filed on behalf of investors in Lannett Company, Inc. (NYSE: LCI) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 09/10/2018 -- An investor, who purchased shares of Lannett Company, Inc. (NYSE: LCI), filed a lawsuit in August 2018 over alleged violations of Federal Securities Laws by Lannett Company, Inc.
Investors who purchased shares of Lannett Company, Inc. (NYSE: LCI) have certain options and for certain investors are short and strict deadlines running. Deadline: October 26, 2018. NYSE: LCI investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff claims that between February 7, 2018 and August 17, 2018, the Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose that Lannett faced a substantial risk of the loss of its exclusivity agreement with JSP, that accordingly, Lannett's reported revenues were unsustainable, and that as a result, Lannett's public statements were materially false and misleading at all relevant times.
On August 20, 2018, prior to market open, Lannett Company, Inc announced that its distribution agreement with Jerome Stevens Pharmaceuticals will not be renewed upon its expiration in March 2019. Lannett stated that it "intend[ed] to redouble our continuing efforts to explore options for addressing our capital structure."
Those who purchased shares of Lannett Company, Inc. (NYSE: LCI) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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