TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.
News  ›  GlobeNewswire Inc.

Deadline Alert: Perrigo Company plc (PRGO) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Glancy Prongay & Murray Llp
Deadline Alert: Perrigo Company plc (PRGO) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

Glancy Prongay & Murray LLP is alerting Perrigo Company plc investors about a securities fraud class action lawsuit with a January 16, 2026 deadline to file as lead plaintiff. The lawsuit alleges that Perrigo made materially false statements regarding its acquisition of Nestlé's infant formula business, failing to disclose significant underinvestment, manufacturing deficiencies, and the need for substantial remediation costs exceeding initial estimates. The company's stock fell significantly on multiple occasions (15.14%, 9.8%, 11.31%, and 25.2%) as it repeatedly revised guidance downward and announced a strategic review of the infant formula business.

Insights
FNGO   neutral

Proposed a modular approach to AI agents, focusing on specialized, discrete task performance

PRGO   negative

The company is the subject of a securities fraud lawsuit alleging material misstatements and omissions regarding its infant formula business acquisition. Multiple significant stock price declines (totaling over 50% from peak to trough during the class period), repeated downward guidance revisions, and disclosure of substantial undisclosed remediation costs and manufacturing issues indicate serious operational and financial problems, along with potential investor deception.

Keywords
#securities fraud #class action lawsuit #infant formula business #Nestlé acquisition #misstatements #manufacturing deficiencies #remediation costs #stock decline #guidance revision

Tickers
PRGO
← Prev: 94% of Engineering Leaders Report Agentic AI Skills Gaps as Autonomous Systems Move Into Production - Interview Kickstart Launches New Agentic AI Course for Engineers 2026