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News  ›  GlobeNewswire Inc.

PRGO INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Perrigo Company plc Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Robbins Geller Rudman & Dowd Llp
PRGO INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Perrigo Company plc Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit

Perrigo faces class action lawsuit alleging misleading statements about its infant formula business acquisition, with claims of significant underinvestment, manufacturing deficiencies, and overstated financial results.

Insights
BBAI.WS   negative

Stock down 21.2%, negative earnings of $450 million in last 12 months, sales decreased 18.4% year-over-year, high price-to-sales ratio of over 13


PRGO   negative

Multiple disclosures of financial challenges, including 50% earnings decline, significant remediation costs, reduced sales, decreased gross margins, and strategic review of infant formula business indicating substantial operational and financial problems