NEW YORK–(BUSINESS WIRE)–Entwistle & Cappucci LLP (“Entwistle & Cappucci”) is investigating potential federal securities law violations on behalf of its clients and other former holders of Cerevel Therapeutics Holdings, Inc. (“Cerevel” or the “Company”) (NASDAQ: CERE) common stock.
Cerevel was a publicly traded biopharmaceutical company that was acquired by AbbVie, Inc. in August 2024. On October 16, 2023, Cerevel conducted a secondary public stock offering of approximately 19 million shares for $22.81 per share. Less than two months later, AbbVie announced it was acquiring Cerevel for $45.00 per share. Entwistle & Cappucci is investigating claims related to the purchases of Cerevel stock by certain Company insiders.
If you sold Cerevel (NASDAQ: CERE) securities from October 11, 2023 through December 6, 2023, or have other information concerning these issues, please contact attorneys Robert N. Cappucci or Andrew M. Sher at 212-894-7200, or via e-mail at [email protected] or [email protected].
About Entwistle & Cappucci
Entwistle & Cappucci is a national law firm providing exceptional legal representation to clients globally in the most complex and challenging legal matters. Our practice encompasses all areas of litigation, including securities, antitrust, corporate transactions, general corporate and commercial, creditor’s rights and bankruptcy, corporate governance and fiduciary duty, government affairs, insurance, investigations and white-collar defense. Our clients include public and private corporations, major hedge funds, public pension funds, governmental entities, leading institutional investors, domestic and foreign financial services companies, emerging business enterprises and individual entrepreneurs.
Contacts
Robert N. Cappucci, Esq. ([email protected])
Andrew M. Sher, Esq. ([email protected])
Entwistle & Cappucci LLP
www.entwistle-law.com
230 Park Avenue, 3rd Floor
New York, NY 10169
Telephone: (212) 894-7200
