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STROUGO v. LANNETT COMPANY, INC.

No. 18-3635.

ROBERT STROUGO, v. LANNETT COMPANY, INC., et al.

United States District Court, E.D. Pennsylvania.

March 13, 2019.

Editors Note
Applicable Law: 15 U.S.C. § 78m(a)
Cause: 15 U.S.C. § 78m(a) Securities Exchange Act
Nature of Suit: 850 Other Statutes: Securities / Commodities
Source: PACER

Attorney(s) appearing for the Case

ROBERT STROUGO, INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY SITUATED, Plaintiff, represented by DAVID SEAMUS KASKELA , KASKELA LAW LLC.

LANNETT COMPANY, INC., TIMOTHY C. CREW & MARTIN P. GALVAN, Defendants, represented by DANIEL R. CELLUCCI , KIRKLAND & ELLIS, JAY P. LEFKOWITZ , KIRKLAND & ELLIS, TERENCE Y. LEONG , KIRKLAND & ELLIS LLP, ABRAHAM C. REICH , FOX ROTHSCHILD O'BRIEN & FRANKEL LLP, MATTHEW DAVID LEE , FOX ROTHSCHILD LLP, MATTHEW SOLUM , KIRKLAND ELLIS LLP & NATHAN HUDDELL , FOX ROTHSCHILD LLP.

SOE WONG & MICHAEL HOELTZEL, Movants, represented by RYAN M. ERNST , O'KELLY ERNST & JOYCE, LLC & ADAM M. APTON , LEVI & KORSINSKY LLP.

IBEW LOCAL 98 PENSION FUND, Movant, represented by NAUMON A. AMJED , KESSLER TOPAZ MELTZER & CHECK, LLP & DANIELLE S. MYERS , ROBBINS GELLER RUDMAN & DOWD LLP.

THOMAS KLEINMAN, ISAAC CORIAT SALTIEL, LI TAO & SHOUFENG LI, Movants, represented by JACOB A. GOLDBERG , THE ROSEN LAW FIRM.

MEMORANDUM

Lannett Company Inc. sells branded and generic pharmaceutical drugs. For most of the past fifteen years, it derived substantial revenues from drugs manufactured by Jerome Stevens Pharmaceuticals under a supply agreement. This supply relationship ends in March 2019 unless...

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