Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Perrigo Company plc Investors & Encour...
July 15 2016 - 2:41PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces that a
class action lawsuit has been filed on behalf of investors who
purchased Perrigo Company plc (“Perrigo” or the “Company”) (NYSE:
PRGO) securities between April 21, 2015 and May 11, 2016,
inclusive (the “Class Period”). Perrigo investors have
until July 18, 2016 to file a lead plaintiff
motion.
Investors suffering losses on their Perrigo investments are
encouraged to contact Lesley Portnoy of GPM to discuss their legal
rights in this class action at 310-201-9150 or by email to
shareholders@glancylaw.com.
The Complaint alleges that throughout the Class Period,
Defendants made materially false and misleading statements
regarding the Company’s business, operational and compliance
policies. Specifically, Defendants made false and/or misleading
statements and/or failed to disclose that: (i) Perrigo as a
standalone entity would be unable to achieve organic revenue growth
of 5% to 10%; (ii) Perrigo’s competitive position and growth
strategy were not “durable” but were in fact eroding; (iii) Perrigo
was facing serious issues integrating the acquisition of Omega
Pharma N.A. (“Omega”) into the Company and had significantly
overpaid for Omega; (iv) for the foregoing reasons, among others,
Mylan’s offer did not undervalue Perrigo; and (v) as a result of
the foregoing, Perrigo’s public statements were materially false
and misleading at all relevant times.
If you purchased shares of Perrigo during the Class Period you
may move the Court no later than July 18, 2016 to
ask the Court to appoint you as lead plaintiff if you meet certain
legal requirements. To be a member of the Class you need not take
any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you
wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Lesley Portnoy,
Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com, or visit our website at
http://glancylaw.com. If you inquire by email please include your
mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160715005755/en/
Glancy Prongay and Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224https://www.glancylaw.comshareholders@glancylaw.com
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