NEW YORK, June 7, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Shire plc ("Shire" or the "Company") (NYSE: SHPG). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Shire and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On June 7, 2017, Shire announced that the Company has halted a U.S. study of Alpha-1 Antitrypsin (G1-ATT IV), the Company's graft-versus-host disease treatment, and will transfer its Investigational New Drug application to Kamada Ltd. for further testing.
On this news, Shire's American Depositary Receipt price has fallen as much as $5.60, or 3.22%, during intraday trading on June 7, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
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SOURCE Pomerantz LLP