{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-070880","form_type":"8-K","ticker":null,"cik":"0000057725","company_name":"LANNETT CO INC","filed_at":"2023-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.907064+00:00","generated_at":"2026-06-14T02:24:51.869725+00:00","sec_items":["1.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Bankruptcy Court confirms Lannett's prepackaged Chapter 11 plan; old equity cancelled","bullets":["Court confirmed plan on June 8, 2023; emergence expected by June 16, 2023.","First lien secured note holders receive 97% of new common stock and Takeback Exit Facility.","Second lien lenders receive 3% of new common stock, Takeback Exit Facility, and warrants.","Existing common and preferred equity holders receive no distribution; shares cancelled.","As of March 31, 2023, total assets $334.6M and total liabilities $746.9M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-070880","json":"https://secwatch.observer/filing/0001104659-23-070880.json","markdown":"https://secwatch.observer/filing/0001104659-23-070880.md","text":"https://secwatch.observer/filing/0001104659-23-070880.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/57725/000110465923070880/0001104659-23-070880-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/57725/000110465923070880/tm2318549d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T02:24:51.869725+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9cd90bd7f64588347c0c99d42aab4d63e0930bc9","claim":"LANNETT CO INC entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-05-02).","evidence_excerpt":"filed voluntary petitions (the “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) . The Chapter 11 Cases are being jointly administered under the caption In re Lannett Company, Inc., et al. , Case No. 23-10559 (JKS).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/57725/000110465923070880/0001104659-23-070880-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2023-05-02"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}