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The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of January 16, 2026 in Perrigo Company plc Lawsuit – PRGO
Globenewswire· 2025-12-17 21:14
Core Viewpoint - The Gross Law Firm is notifying shareholders of Perrigo Company plc regarding a class action lawsuit due to alleged misleading statements and operational deficiencies related to the company's infant formula business [1][3]. Group 1: Allegations - The complaint alleges that during the class period from February 27, 2023, to November 4, 2025, Perrigo issued materially false and misleading statements [3]. - Specific allegations include significant underinvestment in the infant formula business acquired from Nestlé, necessitating substantial capital and operational expenditures beyond stated cost estimates [3]. - The complaint also highlights significant manufacturing deficiencies in the infant formula facility, leading to overstated financial results, including earnings and cash flow [3]. Group 2: Class Action Details - Shareholders who purchased PRGO shares during the specified class period are encouraged to register for the class action, with a deadline of January 16, 2026, to seek lead plaintiff status [4]. - Registration allows shareholders to receive updates throughout the lifecycle of the case, with no cost or obligation to participate [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that artificially inflated stock prices [5].
ROSEN, NATIONAL TRIAL LAWYERS, Encourages Perrigo Company plc Investors to Secure Counsel Before Important Deadline in Securities Class Action – PRGO
Globenewswire· 2025-12-15 17:43
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Perrigo Company plc securities between February 27, 2023, and November 4, 2025, of the January 16, 2026, deadline to become a lead plaintiff in a class action lawsuit [1] Group 1: Class Action Details - Investors who bought Perrigo securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by January 16, 2026, to serve as lead plaintiff [2] - The lawsuit alleges that Perrigo made materially false and misleading statements regarding its infant formula business, which suffered from underinvestment and significant manufacturing deficiencies [4] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company [3] - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [3]
Class Action Filed Against Perrigo Company plc (PRGO) - January 16, 2026 Deadline to Join - Contact The Gross Law Firm
Prnewswire· 2025-12-15 14:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Perrigo Company plc regarding a class action lawsuit alleging that the company made materially false and misleading statements about its infant formula business and its financial results during the specified class period [1]. Allegations - The complaint claims that the infant formula business acquired from Nestlé suffered from significant underinvestment in maintenance, operational improvements, and repairs [1]. - Perrigo is alleged to have needed to make substantial capital and operational expenditures beyond the company's stated cost estimates to remediate the infant formula business [1]. - There were significant manufacturing deficiencies identified in the facility for the infant formula business [1]. - As a result of these issues, the company's financial results, including earnings and cash flow, were overstated [1]. - The positive statements made by the defendants regarding the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [1]. Class Action Details - The class period for the lawsuit is from February 27, 2023, to November 4, 2025 [1]. - Shareholders are encouraged to register for the class action by January 16, 2026, to potentially be appointed as lead plaintiffs [2]. - There is no cost or obligation for shareholders to participate in the case [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who incurred losses due to misleading statements or omissions [3].
PRGO INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Perrigo Company plc Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Globenewswire· 2025-12-15 12:20
Core Viewpoint - The Perrigo Company plc is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding the financial health of its infant formula business acquired from Nestlé [1][3]. Summary by Sections Class Action Lawsuit Details - The class action lawsuit is titled French v. Perrigo Company plc and covers securities purchases made between February 27, 2023, and November 4, 2025 [1]. - Investors have until January 16, 2026, to seek appointment as lead plaintiff in the lawsuit [1]. Allegations Against Perrigo - The lawsuit alleges that Perrigo's acquisition of Nestlé's Gateway infant formula plant was plagued by significant underinvestment and operational deficiencies [3]. - Specific claims include the need for substantial capital expenditures beyond initial estimates to address these issues, leading to overstated financial results [3]. Financial Impact and Stock Performance - On February 27, 2024, Perrigo disclosed acquisition-related charges of $35 million to $45 million for remediation efforts, resulting in a 50% decline in earnings per share compared to the previous year [4]. - Following this announcement, Perrigo's stock price fell over 15% [4]. - On May 7, 2024, Perrigo reported net sales of $91 million, a decrease of 34.5%, and a gross margin decline of 90 basis points, leading to a nearly 10% drop in stock price [5]. - On August 6, 2025, Perrigo's adjusted gross profit decreased by $30 million (6.9%), with a reported gross margin of 34.4%, causing an 11% decline in stock price [6]. - On November 5, 2025, Perrigo announced a strategic review of its infant formula business and slashed its fiscal year 2025 outlook, resulting in a stock price drop of over 25% [7]. Company Background - Perrigo provides over-the-counter health and wellness solutions and has been involved in significant acquisitions to expand its product offerings [2].
Wall Street's Most Accurate Analysts Give Their Take On 3 Health Care Stocks Delivering High-Dividend Yields - Bristol-Myers Squibb (NYSE:BMY), CVS Health (NYSE:CVS)
Benzinga· 2025-12-15 11:46
Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: Perrigo Company PLC (NYSE:PRGO) - Dividend Yield: 8.83% [6] - Canaccord Genuity analyst Susan Anderson maintained a Buy rating but reduced the price target from $40 to $20 on Nov. 6, 2025, with an accuracy rate of 62% [6] - JP Morgan analyst Chris Scott downgraded the stock from Overweight to Neutral, cutting the price target from $32 to $20 on Nov. 6, 2025, with an accuracy rate of 65% [6] - Recent News: Perrigo reported mixed Q3 financial results and lowered its FY25 adjusted EPS guidance below estimates [6] Group 2: Bristol-Myers Squibb Co (NYSE:BMY) - Dividend Yield: 4.81% [6] - Morgan Stanley analyst Terence Flynn maintained an Underweight rating and reduced the price target from $37 to $36 on Dec. 12, 2025, with an accuracy rate of 69% [6] - Guggenheim analyst Seamus Fernandez upgraded the stock from Neutral to Buy, setting a price target of $62 on Dec. 12, 2025, with an accuracy rate of 81% [6] - Recent News: Bristol Myers Squibb received FDA Priority Review for Opdivo Plus AVD combination sBLA in untreated stage III/IV cHL [6] Group 3: CVS Health Corp (NYSE:CVS) - Dividend Yield: 3.35% [6] - Truist Securities analyst David Macdonald maintained a Buy rating and raised the price target from $95 to $98 on Dec. 10, 2025, with an accuracy rate of 67% [6] - UBS analyst Kevin Caliendo maintained a Buy rating and increased the price target from $96 to $97 on Dec. 10, 2025, with an accuracy rate of 65% [6] - Recent News: CVS raised its FY2025 adjusted EPS and sales guidance [6]
PERRIGO COMPANY PLC (NYSE: PRGO) DEADLINE ALERT Bernstein Liebhard LLP Reminds Perrigo Company plc Investors of Upcoming Deadline
Globenewswire· 2025-12-15 06:45
Core Viewpoint - A securities fraud class action lawsuit has been filed against Perrigo Company plc, alleging misrepresentations related to its infant formula business acquired from Nestlé, affecting investors who purchased securities between February 27, 2023, and November 4, 2025 [3]. Group 1: Lawsuit Details - The lawsuit was initiated in the United States District Court for the Southern District of New York on behalf of investors who acquired Perrigo securities during the specified period [3]. - The allegations include violations of the Securities Exchange Act of 1934 against Perrigo and certain senior officers [3]. Group 2: Legal Actions and Deadlines - Investors wishing to serve as lead plaintiffs must file necessary documents by January 16, 2026 [4]. - Participation as a lead plaintiff is not required to share in any potential recovery, and all representation is on a contingency fee basis, meaning shareholders incur no fees or expenses [4]. Group 3: Law Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented large public and private pension funds [5]. - The firm has been recognized multiple times in The National Law Journal's "Plaintiffs' Hot List" and has been listed in The Legal 500 for sixteen consecutive years [5].
DEADLINE ALERT for FCX, PRGO, STUB, ARE: Law Offices of Howard G. Smith Reminds Investors of Opportunity to Lead Securities Fraud Class Actions
Globenewswire· 2025-12-12 23:08
Core Viewpoint - Class action lawsuits have been filed against several publicly-traded companies, alleging misleading statements and failures to disclose critical information that affected shareholders during specified class periods [1]. Group 1: Freeport-McMoRan Inc. (NYSE: FCX) - The class period for Freeport-McMoRan is from February 15, 2022, to September 24, 2025, with a lead plaintiff deadline of January 12, 2026 [2]. - Allegations include failure to ensure safety at the Grasberg Block Cave mine, leading to heightened risks for workers and potential regulatory and reputational consequences [2]. Group 2: Perrigo Company plc (NYSE: PRGO) - The class period for Perrigo is from February 27, 2023, to November 4, 2025, with a lead plaintiff deadline of January 16, 2026 [3]. - The complaint claims significant underinvestment in the infant formula business acquired from Nestlé, requiring substantial capital expenditures beyond stated estimates, resulting in overstated financial results [3]. Group 3: StubHub Holdings, Inc. (NYSE: STUB) - The class period for StubHub is from its September 2025 IPO, with a lead plaintiff deadline of January 23, 2026 [4]. - Allegations include misleading statements regarding changes in vendor payment timing, adversely affecting free cash flow and misrepresenting the company's financial health [4]. Group 4: Alexandria Real Estate Equities, Inc. (NYSE: ARE) - The class period for Alexandria is from January 27, 2025, to October 27, 2025, with a lead plaintiff deadline of January 26, 2026 [5]. - The complaint alleges that the company overstated the value of its life-science properties and downplayed declining occupancy stability, leading to materially misleading statements about its business prospects [5].
ROSEN, LEADING INVESTOR COUNSEL, Encourages Perrigo Company plc Investors to Secure Counsel Before Important Deadline in Securities Class Action – PRGO
Globenewswire· 2025-12-12 21:41
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Perrigo Company plc securities between February 27, 2023, and November 4, 2025, of the January 16, 2026, deadline to become a lead plaintiff in a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Perrigo securities during the specified class period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [2]. - The deadline to move the Court to serve as lead plaintiff is January 16, 2026, with the lead plaintiff representing other class members in the litigation [2]. Group 2: Law Firm Credentials - Rosen Law Firm specializes in securities class actions and has a strong track record, including the largest securities class action settlement against a Chinese company [3]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [3]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [3]. Group 3: Case Allegations - The lawsuit alleges that Perrigo made materially false and misleading statements regarding its infant formula business acquired from Nestlé, which suffered from significant underinvestment and required substantial capital expenditures [4]. - It is claimed that there were significant manufacturing deficiencies in the infant formula facility, leading to overstated financial results, including earnings and cash flow [4]. - The lawsuit asserts that the positive statements made by Perrigo about its business operations were materially misleading and lacked a reasonable basis, resulting in investor damages when the true details emerged [4].
Levi & Korsinsky Notifies Shareholders of Perrigo Company plc(PRGO) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-12-12 14:00
Core Viewpoint - A class action securities lawsuit has been filed against Perrigo Company plc, alleging securities fraud that affected investors between February 27, 2023, and November 4, 2025 [1] Group 1: Allegations of Fraud - The lawsuit claims that Perrigo's infant formula business, acquired from Nestlé, suffered from significant underinvestment in maintenance and operational improvements [2] - It is alleged that Perrigo needed to incur substantial capital and operational expenditures beyond previously stated cost estimates to address issues in the infant formula business [2] - The complaint indicates that there were significant manufacturing deficiencies in the facility for the infant formula business [2] - As a result of these issues, Perrigo's financial results, including earnings and cash flow, were overstated [2] - The positive statements made by the defendants regarding the Company's business and prospects were materially misleading and lacked a reasonable basis [2] Group 2: Legal Process and Participation - Investors who suffered losses during the relevant time frame have until January 16, 2026, to request to be appointed as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has a strong track record in high-stakes securities litigation [4] - The firm has over 70 employees and has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the U.S. [4]
PRGO: Kirby McInerney LLP Advises Perrigo Company plc Investors of Class Action Lawsuit
Globenewswire· 2025-12-11 23:00
Core Viewpoint - The lawsuit against Perrigo Company plc alleges that the company made materially false statements and failed to disclose significant issues regarding its infant formula business, leading to overstated financial results [3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Perrigo securities from February 27, 2023, to November 4, 2025, alleging misleading statements about the infant formula business [3]. - Specific allegations include underinvestment in maintenance and operational improvements, the need for substantial capital expenditures beyond stated estimates, and significant manufacturing deficiencies [3]. Group 2: Financial Impact - On November 5, 2025, Perrigo reported its third-quarter financial results and lowered its full-year guidance due to poor OTC consumption and issues with the infant formula business [4]. - Following this announcement, Perrigo's share price dropped by $5.09, approximately 25.2%, from $20.19 to $15.10 [4].