Perrigo Investors Get Early Wins in Irish Tax Disclosure Lawsuit

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Perrigo Co. PLC investors scored a partial early win in their securities suit over the company’s nearly $2 billion Irish tax burden after a federal judge in New York found no dispute exists that the alleged failure to disclose was both misleading and material.

The certified investor class says the pharmaceutical company hid how much it was likely to owe after an Irish tax audit.

There’s no genuine dispute of material fact when it comes to allegations Perrigo misleadingly failed to disclose the tax bill, which reasonable investors would see as significantly altering the total mix of available information, the …