March 17, 2017
The Honorable Wendy Beetlestone of the United States District Court for the Eastern District of Pennsylvania has appointed the University of Puerto Rico Retirement System as Lead Plaintiff in Utesch v. Lannett Co., et al.,
Judge Beetlestone found not only that the University of Puerto Rico Retirement System had the largest financial interest (a key factor in the lead plaintiff selection process) but noted that the University of Puerto Rico Retirement System had retained Abraham, Fruchter & Twersky, “counsel highly experienced in prosecuting securities class actions vigorously and efficiently[.]”
If you or your institution would like to discuss retaining Abraham, Fruchter & Twersky, LLP to pursue lead plaintiff in an ongoing securities case or initiating an investigation into a publicly or privately traded company please contact us.
Further updates on the Utesch v. Lannett Co., et al., will be provided here as the case develops. To learn more about Utesch v. Lannett Co., et al., case click here.