Perrigo Company plc

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Case Summary
Company Name: Perrigo Company plc
Stock Symbol : NYSE:PRGO
Class Period Start: 04/21/2015
Class Period End: 05/11/2016
Lead Plaintiff motion: 07/18/2016
Date Filed: 05/18/2016
Type of Case: Securities Class Action
Court: U.S. District Court for the District of New Jersey
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the July 18, 2016 lead plaintiff deadline in a class action lawsuit filed against Perrigo Company plc (NYSE:PRGO) (“Perrigo” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Perrigo Company plc securities between April 21, 2015 and May 11, 2016, have until July 18, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Perrigo Company plc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The Complaint alleges that during the Class Period, Defendants violated provisions of the Exchange Act by issuing false and misleading press releases, financial statements, filings with the U.S. Securities and Exchange Commission ("SEC"), and statements during investor conference calls.

On April 8, 2015, Mylan offered to purchase Perrigo for $205 per share, representing a nearly 30% premium to the Company's total market capitalization. The price of Perrigo stock increased to as high as $215 per share in intraday trading on April 8.

On April 21, 2015, Perrigo rejected the offer and told investors that the offer undervalued Perrigo.

On November 13, 2015, a majority of Perrigo’s shareholders declined to tender their shares, thus defeating Mylar’s tender offer.

On February 18, 2016, Perrigo reported lower than expected fourth quarter 2015, revenue, margins, earnings, and cash flow and decreased earnings guidance for 2016. Perrigo also revealed that it would need to take a $185 million impairment charge related to Omega's assets.

Following this news Perrigo shares dropped $14.77 per share.

On April 25, 2016, Perrigo announced the resignation of its Chief Executive Officer.

If you were negatively impacted by your investment in Perrigo Company plc securities between April 21, 2015 and May 11, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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