Lannett Co Inc (LCI) Social Stream

Featured Post From StockTwits About LCI

$LCI and another one from yesterday...
Lannett Securities Fraud Lawsuit Gets Class Certification

BY SIRI BULUSU

Aug. 13, 2021, 12:23 PM

5-year-old suit accuses Lannett of misleading investors

Class certified after plaintiffs show theory of liability

A federal judge in Pennsylvania certified a plaintiff class in a lawsuit against pharmaceutical manufacturer Lannett Company Inc. over securities fraud allegations tied to a generic drug price-fixing investigation.
The lead plaintiffs asserted a theory of liability and adequately established that “damages can be measured on a class-wide basis, U.S. District Judge Wendy Beetlestone said Thursday in allowing the case to proceed as a class action.

Very good company... 💩💩💩... dropping g to 3 soon.. lol