Perrigo(US:PRGO) Globenewswire·2025-12-05 18:05Core Viewpoint - A class action lawsuit has been filed against Perrigo Company plc for violations of federal securities laws, impacting investors who acquired securities between February 27, 2023, and November 4, 2025 [1] Group 1: Allegations Against Perrigo - The lawsuit alleges that Perrigo and certain officers made false or misleading statements regarding the infant formula business acquired from Nestlé, which suffered from significant underinvestment in maintenance and operational improvements [2] - It is claimed 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 highlights significant manufacturing deficiencies in the facility for the infant formula business, leading to overstated financial results, including earnings and cash flow [2] - As a result of these issues, the positive statements made by Perrigo regarding its business and prospects were materially misleading [2] Group 2: Impact on Investors - Following the revelation of these issues, Perrigo's common stock experienced a significant decline, resulting in financial losses for investors [3] - Investors who suffered losses exceeding $150,000 in Perrigo's securities are encouraged to participate in the lawsuit or learn more about the lead plaintiff process [3] Group 3: About the Law Firm - Lowey Dannenberg P.C. is a national law firm that represents institutional and individual investors who have suffered financial losses due to corporate fraud and violations of federal securities laws [4] - The firm has a strong track record in prosecuting multi-million-dollar lawsuits and has recovered billions for its clients [4]