AbbVie wins legal battle as Illinois court dismisses $63 billion Allergan shareholder lawsuit
From Yahoo Finance: 2025-05-23 01:25:00
AbbVie Inc. (NYSE:ABBV) wins legal battle as Illinois court dismisses $63 billion Allergan shareholder lawsuit led by Stephen Twigg. Court rules share issuance exempt under Securities Act of 1933, citing fairness hearing before Ireland’s High Court. Twigg suffered no actual injury as ABBV shares increased by $30 each. Lawsuit closure sets precedent for future merger-related litigation.
Read more at Yahoo Finance: AbbVie Inc. (ABBV) Scores Major Legal Victory as Illinois Court Shuts Down $63 Billion Allergan Shareholder Lawsuit