If you purchased or acquired Lannett Company, Inc. common stock between July 15, 2014 and October 31, 2017, you may qualify for a payment from a $5,750,000 securities class action settlement.
If you came here from an email, here’s what matters most — eligibility, deadlines, and how to file.
Why This Lawsuit Exists?
The lawsuit alleged that Lannett and certain executives violated federal securities laws by making material misrepresentations or omissions about:
Competition in the generic drug market
Whether drug prices were set in a competitive market
The potential impact of investigations into alleged industry price-fixing
Investors claim these statements artificially inflated the stock price, causing financial harm.
Lannett denies all allegations of wrongdoing, but agreed to settle to avoid the risks and expense of continued litigation.
Who Qualifies?
You may be a class member if:
You purchased or otherwise acquired publicly traded Lannett common stock
The transaction occurred between July 15, 2014, and October 31, 2017 (inclusive)
You were financially damaged as a result
Both individuals and entities may qualify.
How Much Can You Get?
The total settlement fund is $5,750,000 in cash.
Your payment depends on:
The number of valid claims filed
The number of shares you purchased/acquired
When you bought, sold, or held the shares
Total recognized losses of all claimants
Payments will be distributed on a pro rata basis under a court-approved Plan of Allocation.
Important details:
If your calculated payment is less than $10, you will not receive a payout
Attorneys’ fees may be awarded up to $1,458,333
Attorneys’ expenses may be awarded up to $1,375,000
Service awards up to $30,000 total
Remaining funds go to eligible claimants
Payments will be issued after final court approval and resolution of any appeals.
Your Options
| Option | What It Means | Deadline |
|---|---|---|
| Submit a Claim Form | Only way to receive payment | April 2, 2026 |
| Exclude Yourself | No payment, but keep right to sue separately | March 13, 2026 |
| Object | Tell the Court why you disagree | March 13, 2026 |
| Go to the Hearing | Ask to speak at the hearing | April 16, 2026 |
| Do Nothing | No payment and give up certain rights | N/A |
Settlement Hearing
The Court will hold a Settlement Hearing on:
April 16, 2026 at 12:30 p.m.
United States District Court
James A. Byrne United States Courthouse
601 Market Street, Courtroom 10-A
Philadelphia, PA 19106
The Court will decide whether the settlement is fair, reasonable, and adequate.
How to File a Claim?
To receive payment, you must submit a Proof of Claim by:
April 2, 2026
You can:
File online through the official settlement website
Download and mail your claim form to:
Utesch v. Lannett Co. Inc., et al.
c/o A.B. Data Ltd.
P.O. Box 173112
Milwaukee, WI 53217
Required Information
You must provide:
Full Social Security Number or Taxpayer Identification Number
Trade dates
Number of shares purchased, acquired, or sold
Total purchase/sale prices
Supporting documentation (broker confirmations, account statements, or authorized broker records)
Claims without proper documentation may be rejected.
If you purchased Lannett stock during the class period, this is your opportunity to potentially recover part of your investment loss.
Don’t miss the deadline. Submit your claim before April 2, 2026.
