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Allergan plc (AGN)

NYSE:AGN

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Allergan plc To Contact The Firm Before Lead Plaintiff Deadline

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Allergan plc (“Allergan” or the “Company”) (NYSE:AGN) of the January 3, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all those who purchased Allergan stock or options between February 25, 2014 and November 3, 2016 (the “Class Period”).  The case, Haile, Jr. v. Allergan plc et al, No. 1:16-cv-08661 was filed on November 8, 2016.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that the Company had engaged in activity that would prompt a Department of Justice (“DOJ”) antitrust investigation that could lead to potential criminal charges against the Company.

Specifically, on August 4, 2015, the Company filed a Form 10-Q with the Securities and Exchange Commission disclosing that the Company had received subpoena from the DOJ’s Antitrust Division seeking information relating to the marketing and pricing of certain of the Company’s generic products.  On August 6, 2015, Bloomberg published article specifying that the Allergan plc’s Actavis unit had received the subpoena.  Allergan stock price was negatively affected after this news, damaging shareholders.

Then, on November 3, 2016, Bloomberg published the article titled “U.S. Charges inGeneric-Drug Probe to Be Filed by Year End” which discussed the DOJ’s two year investigation of suspected price collusion by several pharmaceutical companies.  The article included Allergan and Actavis among the companies being investigated and also states that the investigation will likely result in prosecutors filing criminal charges by the end of the year.  When this news was announced to the public, shares of Allergan fell $9.07 per share, or over 4% from the previous closing price to close at $188.82 per share, causing investors harm.

Take Action

If you invested in Allergan stock or options between February 25, 2014 and November 3, 2016 and would like to discuss your legal rights, please fill out the form below. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding Allergan’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Allergan plc (AGN)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 11/08/2016

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