ABBVIE INC. NEW YORK, July 31, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of AbbVie Inc. ("AbbVie" or the "Company") (NYSE: ABBV). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/abbv.
The investigation concerns whether AbbVie and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 30, 2018, at approximately 8:00 am Eastern Standard Time, AbbVie announced preliminary results of a previously announced modified Dutch auction to repurchase the Company's securities (the "Dutch Tender Offer"), stating that a total of 75.7 million shares were tendered at or below the purchase price of $105 per share. Then, at approximately 4:45 pm on May 30, 2018, AbbVie announced "updated preliminary results" of the Dutch Tender Offer, stating that a total of 74.0M shares of AbbVie's common stock had been tendered and not properly withdrawn at or below the lower purchase price of $103 per share. On this news, AbbVie's share price fell $4.07, or 3.95%, to close at $98.94 on May 31, 2018.
If you are aware of any facts relating to this investigation, or purchased AbbVie shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/abbv. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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