ROSELAND, N.J., Dec. 29, 2016 /PRNewswire/ -- Carella, Byrne, Cecchi, Olstein, Brody & Agnello, P.C. announces that a shareholder class action lawsuit filed against Allergan plc ("Allergan" or the "Company") in the United States District Court for the District of New Jersey in Newark, New Jersey and captioned Forden v. Allergan plc, et al., case number 2:16-cv-9449(SDW)(LDW), has been assigned to the Honorable Susan D. Wigenton, U.S.D.J. and the Honorable Leda Dunn Wettre, U.S.M.J. The action seeks relief for a class consisting of all persons or entities who purchased or otherwise acquired Allergan securities between February 25, 2014 and November 2, 2016, both dates inclusive (the "Class Period"), and damages under the federal securities laws.
The Complaint alleges that throughout the Class Period the Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies, and financial results. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Allergan's Actavis unit and several of its pharmaceutical industry peers colluded to fix generic drug prices; (ii) the foregoing conduct constituted a violation of federal antitrust laws; (iii) consequently, Allergan's revenues during the Class Period were in part the result of illegal conduct; and (iv) as a result of the foregoing, Allergan's public statements were materially false and misleading at all relevant times.
If you are a shareholder who purchased Allergan securities during the Class Period you have until January 3, 2017 to ask the Court to appoint you as Lead Plaintiff for the class. To discuss this action please contact James E. Cecchi or Donald A. Ecklund at (973) 994–1700 or email@example.com.
Carella, Byrne, Cecchi, Olstein, Brody & Agnello, P.C. has long been recognized as one of the leading New Jersey law firms and has significant experience in complex litigation, federal class action litigation, intellectual property, corporate, health care, public financing, environmental, labor, tax and administrative law. For additional information see http://www.carellabyrne.com/.
Carella, Byrne, Cecchi, Olstein, Brody & Agnello, P.C.
James E. Cecchi
Donald A. Ecklund
5 Becker Farm Road
Roseland, New Jersey 07068-1739
(973) 994 – 1700
(973) 994 – 1744 (fax)
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SOURCE Carella, Byrne, Cecchi, Olstein, Brody & Agnello, P.C.