
Alleged Misstatements On Infant Formula Unit Might Change The Case For Investing In Perrigo (PRGO)

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Securities class action lawsuits have been filed against Perrigo Company plc, alleging misrepresentation of its Nestlé-acquired infant formula business's condition and investment needs. The lawsuits claim Perrigo's disclosures led investors to overestimate the unit's health and profitability, raising questions about its turnaround and growth potential. These allegations could reshape Perrigo's investment narrative, especially concerning its strategic review of the infant formula unit and its impact on future performance.
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