SAN DIEGO, July 16, 2016 /PRNewswire/ -- Johnson &
Weaver, LLP (Johnson & Weaver) announces that a class action
lawsuit was filed in the United States District Court for the
District of New Jersey on behalf
of purchasers of Perrigo Company plc ("Perrigo") (NYSE: PRGO)
securities during the period between April 21, 2015 and May 11,
2016 (the "Class Period").
The complaint alleges that Perrigo made false and misleading
statements about its financial condition and growth prospects in an
effort to influence shareholders to reject a merger proposal by
Mylan N.V.
On April 8, 2015, Mylan N.V.
offered to purchase Perrigo for $205
per share. Then on April 21, 2015,
Perrigo rejected the offer and told investors that the Mylan offer
undervalued Perrigo stock. Then on November
13, 2015, a majority of Perrigo's shareholders rejected to
tender their shares, thus defeating Mylan's tender offer. Since the
rejection of this offer, Perrigo's CEO resigned, lowered its 2016
earnings guidance and also incurred a $185
million impairment charge related to its acquisition of
Omega Pharma.
Plaintiff seeks to recover damages on behalf of all purchasers
of Perrigo securities during the Class Period (the "Class").
If you wish to serve as lead plaintiff, you must move the Court no
later than July 18, 2016. Any member
of the putative class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member. Note: Your ability to share in
any recovery doesn't require that you serve as a lead
plaintiff.
If you wish to discuss this action, have any questions
concerning this notice, or your rights or interests, please contact
lead analyst Jim Baker
(jimb@johnsonandweaver.com) by email or by phone at
619-814-4471 before July 19.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP