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Lannett taking it on the chin after CT AG letter

Jul. 16, 2014 3:35 PM ETLannett Company, Inc. (LCINQ) StockBy: Douglas W. House, SA News Editor
  • Shares of Lannett Company (NYSE:LCI -16.9%) slump on a 5x surge in volume after it disclosed that it received an inquiry and subpoena from the Connecticut Attorney General regarding potential violations of the state's antitrust law. The AG is investigating possible price fixing and/or customer allocating behavior pertaining to the sale of digoxin. The company says that it complies with all laws and regulations and it intends to cooperate fully.

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