Perrigo(US:PRGO) Globenewswire·2026-01-15 17:56Core Viewpoint - A class action lawsuit has been filed against Perrigo Company plc for failing to disclose significant issues in its infant formula business, leading to overstated financial results and subsequent stock price decline [2][8]. Allegation Details - The lawsuit alleges that Perrigo did not disclose: 1. Significant underinvestment in maintenance and operational improvements in the infant formula business acquired from Nestlé [8]. 2. The need for substantial capital and operational expenditures beyond previously stated estimates to remediate the infant formula business [8]. 3. Significant manufacturing deficiencies in the infant formula facility [8]. 4. The impact of these issues resulted in overstated financial results, including earnings and cash flow [8]. Financial Impact - On November 5, 2025, Perrigo announced disappointing financial results for Q3 2025, leading to a reduction in its fiscal year 2025 outlook primarily due to challenges in the infant formula industry [8]. - Following this announcement, Perrigo's stock price fell by $5.09, or 25.2%, closing at $15.10 per share on the same day [8].