Perrigo Securities Fight Intensifies as Law Firms Court Investors Over Infant-Formula Claims
Investors face a January 16 deadline to seek lead‑plaintiff status in a federal case alleging misstatements about the Nestlé‑acquired formula business.
Overview
- Glancy Prongay, Rosen, and Portnoy issued new notices this week urging PRGO shareholders to join the case and consider seeking the lead‑plaintiff role by January 16, 2026.
- The complaint alleges underinvestment in Perrigo’s infant‑formula unit, undisclosed remediation costs beyond prior estimates, manufacturing deficiencies, and overstated financial results.
- DJS Law Group cites Exchange Act §§10(b) and 20(a) and SEC Rule 10b‑5 and lists a class period of February 27, 2025 to November 4, 2025, while other firms cite February 27, 2023 to November 4, 2025.
- The suit follows Perrigo’s November 5, 2025 strategic‑review announcement and an outlook cut that coincided with an approximately 25% one‑day drop in the share price.
- No class has been certified, motions for lead‑plaintiff appointment are due in the Southern District of New York, and investors remain unrepresented unless they retain counsel.