Perrigo(US:PRGO) Globenewswire·2025-11-19 16:35Core Viewpoint - A shareholder class action lawsuit has been filed against Perrigo Company plc, alleging that the company made materially false and misleading statements regarding its infant formula business acquired from Nestlé, which suffered from underinvestment and significant operational deficiencies [1]. Group 1: Allegations in the Lawsuit - The lawsuit claims that the infant formula business suffered from significant underinvestment in maintenance, operational improvements, and repairs [1]. - It is alleged that Perrigo needed to make substantial capital and operational expenditures beyond the company's stated cost estimates to remediate the infant formula business [1]. - The lawsuit points out significant manufacturing deficiencies 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 about the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [1]. Group 2: Legal Information - Shareholders who purchased Perrigo shares between February 27, 2023, and November 4, 2025, and experienced significant losses are encouraged to discuss their legal rights [2]. - The deadline to request to be appointed lead plaintiff in the case is January 16, 2026 [3]. - Holzer & Holzer, LLC is a law firm specializing in securities litigation and has a history of recovering significant amounts for shareholders affected by corporate misconduct [3].