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Perrigo’s Tab Owed To Shareholders Nine Years After Spurning Mylan’s Hostile Takeover? $97m

Firm, Former CEO Agree To Settle Securities Class Action Filed After Share Price Tanked

 
• By Malcolm Spicer

An end to litigation filed by institutional investors, insurance companies and pension funds comes four CEOs after Perrigo's chief exec during Mylan's tender in 2015, Joseph Papa, resigned to lead another firm in 2016. Plaintiff attorneys are asking for up to 20% of settlement in fees.

Perrigo Company PLC has agreed to settle a securities class-action complaint filed in 2016 against the firm and its management when its share price plummeted after it convinced investors to reject a hostile takeover bid.

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