Perrigo Faces Securities Class Action Over Nestlé Infant-Formula Unit After Guidance Cut

Overview

• The filed case, French v. Perrigo Company plc (No. 25-cv-09596), is pending in the U.S. District Court for the Southern District of New York.
• Notices describe a putative class covering purchases through November 4, 2025, with several firms specifying a start date of February 27, 2023.
• The complaint alleges Perrigo understated remediation needs and concealed manufacturing deficiencies at the Nestlé-acquired Gateway infant-formula business, overstating earnings and cash flow.
• Plaintiffs cite disclosure dates that preceded sharp share declines on Feb. 27, 2024; May 7, 2024; Aug. 6, 2025; and Nov. 5, 2025.
• Perrigo disclosed a strategic review of the infant-formula business, a reassessment of a planned $240 million investment, and reduced FY2025 guidance, while multiple law firms solicit lead-plaintiff candidates and note that no class has been certified.