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News  ›  GlobeNewswire Inc.

PRGO INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Perrigo Company plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Robbins Geller Rudman & Dowd Llp
PRGO INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Perrigo Company plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Perrigo faces a class action lawsuit alleging misleading statements about its infant formula business acquisition from Nestlé, with claims of significant underinvestment, manufacturing deficiencies, and overstated financial results.

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The lawsuit alleges multiple instances of financial misrepresentation, including significant capital expenditure requirements, manufacturing issues, reduced earnings, and a strategic review of the infant formula business that led to stock price declines of over 25%