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News  ›  GlobeNewswire Inc.

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

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Robbins Geller Rudman & Dowd Llp
INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Perrigo Company plc (PRGO) 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, with claims of significant underinvestment, manufacturing deficiencies, and overstated financial results.

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PRGO   negative

The lawsuit alleges multiple instances of financial misrepresentation, including significant capital expenditure needs, manufacturing deficiencies, and repeated downward revisions of financial guidance, which caused substantial stock price declines