A lawsuit was filed on behalf of investors in Perrigo Company plc (NYSE:PRGO) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 02/01/2019 -- An investor, who purchased shares of Perrigo Company plc (NYSE:PRGO), filed a lawsuit over alleged violations of Federal Securities Laws by Perrigo Company plc.
Investors who purchased shares of Perrigo Company plc (NYSE:PRGO) have certain options and for certain investors are short and strict deadlines running. Deadline: March 4, 2019. NYSE:PRGO investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
Dublin, Ireland based Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products worldwide. On December 21, 2018, Perrigo Company plc disclosed that the Company had received an audit finding letter from the Irish tax authorities on October 30, 2018 asserting "that IP sales transactions… including the sale of Tysabri®, were not part of the trade of Elan Pharma and therefore should have been treated as chargeable gains subject to an effective 33% tax rate, rather than the 12.5% tax rate applicable to trading income." Shares of Perrigo Company plc (NYSE:PRGO) declined to as low as $36.28 per share on December 24, 2018.
On January 3, 2019, Perrigo Company plc (NYSE:PRGO) shares closed at $39.87 per share.
The plaintiff claims that while Perrigo Company plc had disclosed the existence of the audit finding letter to investors on November 8, 2018, the Company failed to disclose material details associated with the audit finding letter at that time
Those who purchased shares of Perrigo Company plc (NYSE:PRGO) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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