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Perrigo Haunted By Mylan Rejection As Securities Fraud Complaints Mount

 
• By Eileen Francis

Securities fraud complaint filed by Nationwide Mutual Funds alleges firm misled investors to fend off Mylan hostile takeover in 2015 before its share price began plummeting. It is latest of similar complaints filed against Perrigo in New Jersey federal court.

Perrigo Co. PLC's decision to reject a hostile takeover in 2015 continues to haunt the OTC private label giant with another investor group filing securities fraud litigation alleging it misled shareholders about multiple aspects of its business to stave off the bid.

Perrigo management fended off Mylan NV's tender by concealing problems connected to the acquisition the same year of European consumer health firm Omega Pharma NV, a move intended to bolster its position as an international business that also marketed branded products, claims the

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