Lannett Gears Up For Chapter 11 Bankruptcy, Lenders To Take Ownership
Debt-Equity Swap Set To Wipe Out More Than $500m Of Total Indebtedness
Lannett had cautioned that a major restructuring was likely as its operations and balance sheet faltered under a massive debt pile – now that has become a reality, under a proposed plan that will hand the company keys to lenders.
