SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $500,000 From Investment In Shire plc To Contact Brower Piven For More Information

STEVENSON, Md.--()--The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois on behalf of purchasers of Shire plc (“Shire” or the “Company”) (Nasdaq: SHPG) American Depository Shares or purchased call options or sold put options of Shire between June 20, 2014 and October 14, 2014, inclusive (the “Class Period”).

If you have suffered a loss from investment in Shire securities purchased on or after June 20, 2014 and held through the revelation of negative information during and/or at the end of the Class Period, as described below, and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please visit our website at You may also request more information by contacting Brower Piven either by email at or by telephone at (410) 415-6616. No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff.

If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no more than 60 days from the date of the issuance of a statutory notice of the filing of the lawsuit and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in Company units during the Class Period. Brower Piven also encourages anyone with information regarding the Company’s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.

The complaint accuses AbbVie Inc. and its Chief Executive Officer (“Defendants”) of violations of the Securities Exchange Act of 1934 by virtue of the Defendants’ failure to disclose during the Class Period that tax considerations were the critical, if not the sole factors for AbbVie’s decision to enter into a proposed business combination of Shire plc and AbbVie (the “Combination”) whereby AbbVie would merge with and into Shire, with AbbVie as the surviving entity, which would reincorporate in Ireland. According to the complaint, following the U.S. Department of Treasury announcement of a change with respect to the treatment of tax inversions and AbbVie’s subsequent announcement on October 14, 2014 that it was reconsidering the Combination, the value of Shire shares declined substantially.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.


Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153

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