Perrigo(US:PRGO) Prnewswire·2025-12-22 09:00Core 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, which was acquired from Nestlé, leading to overstated financial results [1]. Group 1: Allegations - The complaint alleges that the infant formula business suffered from significant underinvestment in maintenance, operational improvements, and repairs [1] - Perrigo 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 in the facility for the company's infant formula business [1] - As a result of these issues, the company's financial results, including earnings and cash flow, were overstated [1] - Defendants' positive statements about the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [1] Group 2: 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 plaintiff [2] - Once registered, shareholders will be enrolled in a portfolio monitoring software for status updates throughout the case [2]