September 19, 2019
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.
November 28, 2018
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.
July 27, 2018
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.