EQUITY ALERT: The Rosen Law Firm Announces the Filing of Securities Class Action on Behalf of Sellers of Allergan Inc. Stock ...
December 18 2014 - 3:59PM
The Rosen Law Firm, a global investor rights firm, announced today
that a class action lawsuit has been filed on behalf of all sellers
of Allergan Inc. stock (NYSE:AGN) between February 25, 2014 and
April 21, 2014.
To join the Allergan class action, go to the website at
http://rosenlegal.com/cases-465.html or call Phillip Kim, Esq. or
Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, Valeant Pharmaceuticals International,
Inc. tipped Pershing Square Asset Management L.P. about its plan to
make a tender offer for Allergan. With this non-public information
on hand, Pershing Square bought a 9.7% stake in Allergan during the
Class Period without first disclosing Valeant's plan to pursue a
tender offer to acquire Allergan at a significant premium. On April
22, 2014, Valeant disclosed for the first time its desire to pursue
an acquisition of Allergan to the stock market, leading to
Allergan's stock price increasing exponentially, rising from a
closing price the previous day of $141.88 to close at $163.51 on
April 22, 2014.
"The facts alleged in this lawsuit appear to be another instance
of insiders engaging in misconduct to line their pockets," said
Rosen attorney Phillip Kim.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
February 16, 2015. If you wish to join the litigation or to discuss
your rights or interests regarding this class action go to
http://rosenlegal.com/cases-465.html or contact, Phillip Kim, Esq.
or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm focuses on prosecuting securities class
action litigation and actions involving financial fraud. The Rosen
Law Firm represents investors throughout the globe.
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
kchan@rosenlegal.com
pkim@rosenlegal.com
www.rosenlegal.com
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