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 (firstname.lastname@example.org) 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.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP