#United States #Robbins Geller #San Diego #Class Action #Perrigo Company

Investors Encouraged to Join Perrigo Class Action Lawsuit

Robbins Geller Rudman & Dowd LLP has announced a significant opportunity for investors who suffered heavy financial losses while trading securities of Perrigo Company plc (NYSE: PRGO) between February 27, 2023, and November 4, 2025. Those who believe their investments have been adversely affected during this period can take steps to act as lead plaintiff in a class action lawsuit.

On November 24, 2025, the law firm clarified that the deadline to express intent for lead plaintiff status is January 16, 2026. Investors are urged to come forward if they experienced substantial declines in their investments during the identified timeframe, a period during which Perrigo is alleged to have made misleading statements regarding their business.

Background of the Class Action Lawsuit

The lawsuit, labeled as French v. Perrigo Company plc, No. 25-cv-09596 (S.D.N.Y.), accuses Perrigo and a few of its current and former executives of violating the Securities Exchange Act of 1934. At the center of these allegations is the company’s dealings with Nestlé, including the acquisition of their Gateway infant formula plant and the related Good Start® infant formula brand, which was purchased for $170 million.

According to the complaint, investors were misled about the state of the infant formula business they acquired from Nestlé. The complaint details several significant failures, including:

1. Underinvestment Issues: There was notable underinvestment in crucial aspects of maintenance and operational improvements at the acquired infant formula facilities.
2. Increased Costs: Perrigo had to invest considerably more in capital and operational expenditures than they had publicly communicated, to address the existing problems.
3. Manufacturing Deficiencies: The facility reportedly had severe deficiencies in its manufacturing processes, which were not disclosed to investors.
4. Overstated Financials: As a direct result of these issues, Perrigo's reported financial results—like earnings and cash flow—were misrepresented.

Financial Challenges Uncovered

The situation escalated on February 27, 2024, when Perrigo unveiled that it had accrued substantial integration-related costs, estimating cash expenses between $35 million to $45 million needed for the necessary remediation of the infant formula business. During this announcement, the company also reported a profound 50% decline in earnings per share year-over-year. Following this, Perrigo’s stock price dropped by over 15%.

As further revelations mounted, Perrigo reported a massive dip in net sales and gross margins, attributed primarily to ongoing issues in their operations. The poor financial performance continued in subsequent quarters, leading to sharp downward revisions in earnings forecasts and growth expectations, culminating in another significant stock price drop of over 25% on November 5, 2025.

The Process for Becoming a Lead Plaintiff

The Private Securities Litigation Reform Act of 1995 allows any investor who acquired Perrigo securities during the specified class period to seek lead plaintiff status. This status is typically given to the investor with the largest financial interest who can adequately represent the entire class. Acting on behalf of the affected class members, the lead plaintiff can also choose legal representation to manage the lawsuit.

Robbins Geller, noted for its expertise in securities fraud litigation, emphasizes that individual eligibility to benefit financially from any settlements is not contingent upon serving as the lead plaintiff in the upcoming class action suit.

About Robbins Geller Rudman & Dowd LLP

With a reputation as one of the leading law firms globally in securities class action cases, Robbins Geller has a proven track record for recovering substantial financial restitution for investors. Not only has the firm ranked first by ISS Securities Class Action Services for the past several years, but it also recovered over $2.5 billion for investors across various cases in 2024 alone.

Contact Information

Investors seeking further information or wishing to take part in this class action lawsuit are encouraged to visit Robbins Geller’s official website or contact attorneys J.C. Sanchez or Jennifer N. Caringal directly at 800-449-4900 or via email at [email protected].

This opportunity may assist individuals who have faced financial devastation due to illicit actions perpetrated by Perrigo executives, reflecting the vital nature of collective action in pursuing justice and financial recovery.