Perrigo(US:PRGO) Prnewswire·2025-12-01 13:45Core 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 [2][4]. Summary by Relevant 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 and failed to disclose significant issues, including: 1. The infant formula business acquired from Nestlé suffered from underinvestment in maintenance and operational improvements [2]. 2. Perrigo needed to incur substantial capital and operational expenditures beyond previously stated estimates to remediate the infant formula business [2]. 3. There were significant manufacturing deficiencies in the facility for the infant formula business [2]. 4. As a result, the company's financial results, including earnings and cash flow, were overstated [2]. 5. The positive statements made by defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis [2]. Next Steps for Shareholders - Shareholders who purchased shares of PRGO during the specified timeframe are encouraged to register for the class action by January 16, 2026, to potentially be appointed as lead plaintiff [3]. - Once registered, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case [3]. Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights and ensuring companies adhere to responsible business practices [4].