
Investor Alert: RobbinsâŊLLP Announces Class Action Against Perrigo Company plc
âĒBy ADMIN
Related Stocks:PRGO
SANâŊDIEGO, Nov.âŊ18,âŊ2025âŊââŊThe law firm Robbins LLP today announced that a class action lawsuit has been filed on behalf of all investors who purchased or otherwise acquired securities of Perrigo Company plc (NYSE:âŊPRGO) between FebruaryâŊ27,âŊ2024 and NovemberâŊ4,âŊ2025.
The complaint alleges that Perrigo misled investors regarding its infant formula business â which it acquired from NestlÃĐ S.A. â by failing to disclose key operational and financial issues. Specifically, the plaintiffs claim that Perrigo did not reveal that the acquired business suffered from major underinvestment in maintenance and operational improvements; that substantial capital and operational expenditures would be required beyond the companyâs public estimate; that significant manufacturing deficiencies existed in the facility; and that these issues resulted in overstated earnings and cash flow of the business.
On NovemberâŊ5,âŊ2025, Perrigo reported disappointing Q3 results for the period ended SeptemberâŊ27,âŊ2025, and announced that it was cutting its fullâyear 2025 guidance âdue primarily to infant formula industry dynamics.â The company also revealed that it is initiating a strategic review of its infant formula business, and in connection said it is reassessing its previously announced $240âŊmillion investment in that segment and has deemed it âless strategic.â On the same day the stock price fell by $5.09 (25.2âŊ%) to close at $15.10 per share.
Shareholders who acquired Perrigo securities during the class period may be eligible to participate in the class action or to serve as lead plaintiff. RobbinsâŊLLP notes that no fees or expenses will be charged to class members unless a recovery is achieved. For more information, investors are directed to contact RobbinsâŊLLP.
About RobbinsâŊLLP: Since 2002, RobbinsâŊLLP has specialized in shareholder rights litigation, assisting investors in recovering losses, improving corporate governance, and holding company executives accountable for alleged misconduct.
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