Perrigo(US:PRGO) Globenewswire·2025-11-24 20:03Core Viewpoint - The Gross Law Firm has issued a notice to 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]. Summary by Sections Allegations - The complaint alleges that during the class period from February 27, 2023, to November 4, 2025, Perrigo made materially false and misleading statements, failing to disclose significant issues in its infant formula business acquired from Nestlé, including: - Underinvestment in maintenance and operational improvements [3] - Need for substantial capital and operational expenditures beyond stated cost estimates [3] - Significant manufacturing deficiencies in the infant formula facility [3] - Overstated financial results, including earnings and cash flow [3] - Misleading positive statements about the company's business and prospects [3] Class Action Details - The deadline for shareholders to register for the class action is January 16, 2026, and there is no cost or obligation to participate [4]. - Shareholders who register will be enrolled in a portfolio monitoring software for status updates throughout the case [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].