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Walleye Trading LLC v. AbbVie Inc et al
Case Number:
1:18-cv-05114
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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September 19, 2019
AbbVie Dodges Suit Over $100M Stock Drop
An Illinois federal judge on Wednesday dismissed a lawsuit from an investor in AbbVie Inc. who claimed the pharmaceutical company caused investors to lose $100 million when it corrected the preliminary results of its May 2018 Dutch tender offer.
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November 28, 2018
AbbVie Tries To Ax Investor Suit Over $100M Stock Drop
AbbVie Inc. urged an Illinois federal judge on Tuesday to toss a proposed class action over a corrective disclosure released after a stock buyback effort that shareholders said cost them $100 million, arguing that the investors failed to make any adequate fraud or negligence claims.
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July 27, 2018
AbbVie Investors Sue Over 1-Day $100M Stock Drop
A proposed class of AbbVie Inc. investors filed a stock drop suit against the pharmaceutical company in Illinois federal court Thursday, saying a corrective disclosure related to the company's May stock buyback efforts led to a collective $100 million loss in value for the shareholders.