Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

LANNETT CO INC (LCI) Class Action Lawsuit (November 2016)

Closed

2:16cv5932 • November 16, 2016

Class Period Start

July 15, 2014

Class Period End

January 30, 2018

PSLRA Deadline

January 17, 2017

Case Allegations

10b5

Statutes of Repose

Jul 15, 2017

Country

United States

Court

Federal Court

Docket History

Apr 17, 2026

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Mar 12, 2026

Motion for Final Approval of Settlement

The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.

Jan 2, 2026

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Jan 2, 2026

Notice of Pendency

Dec 9, 2025

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Oct 17, 2025

Motion for Preliminary Approval of Settlement

The parties have asked the court to give preliminary approval to a proposed settlement. The judge will review the request and decide whether the settlement can move forward to the next stage. If approved, potential class members will generally receive information about the settlement and their rights, including any deadlines for taking action.

Sep 18, 2024

Motion for Summary Judgment

A party has asked the court to decide some or all of the claims without going to trial. The judge will review the motion and determine whether the claims can be decided without a trial.

Nov 8, 2021

On Appeal

Aug 17, 2021

Scheduling Order

Aug 12, 2021

Class Certification Granted

The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).

Apr 15, 2021

Scheduling Order

Jan 12, 2021

Scheduling Order

Dec 24, 2020

Scheduling Order

Oct 7, 2020

Scheduling Order

Oct 1, 2020

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

May 6, 2020

Scheduling Order

Sep 5, 2019

Scheduling Order

Sep 5, 2019

Scheduling Order

May 15, 2019

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Jan 15, 2019

Scheduling Order

Nov 21, 2018

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Oct 26, 2018

Scheduling Order

Sep 21, 2018

Third Amended Complaint

A new complaint has been filed on behalf of certain investors in LANNETT CO INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Aug 8, 2018

Scheduling Order

Jul 31, 2018

Motion to Dismiss Granted

The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.

May 22, 2018

Scheduling Order

Feb 15, 2018

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Jan 9, 2018

Scheduling Order

Dec 20, 2017

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Dec 14, 2017

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in LANNETT CO INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Nov 16, 2017

Scheduling Order

Sep 15, 2017

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Sep 15, 2017

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Aug 21, 2017

Scheduling Order

Jul 28, 2017

Scheduling Order

Jun 29, 2017

Scheduling Order

May 25, 2017

First Amended Complaint

A new complaint has been filed on behalf of certain investors in LANNETT CO INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Mar 27, 2017

Scheduling Order

Mar 20, 2017

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Nov 16, 2016

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in LANNETT CO INC.

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