March 7, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Perrigo Company plc Ordinary Shares (NYSE:PRGO) shares over potential securities laws violations by Perrigo Company plc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Perrigo Company plc Ordinary Shares (NYSE:PRGO) concerning whether a series of statements by Perrigo Company plc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of Perrigo Company plc Ordinary Shares (NYSE:PRGO) grew from $71.92 per share on January 24, 2017 to as high as $85.62 per share on February 27, 2017.

On February 27, 2017, during aftermarket hours, Perrigo Company plc reported Select Preliminary Unaudited Calendar Year 2016 Financial Results And Initial Calendar Year 2017 Guidance. Perrigo Company plc disclosed the resignation of its Chief Financial Officer and that it would not timely file its 2016 annual financial statements. Perrigo Company plc further disclosed that its independent auditors are evaluating Perrigos historical revenue recognition practices associated with Tysabri and no assurance can be given that the financial statements for one or more periods will not need restating.
Shares of Perrigo Company plc Ordinary Shares (NYSE:PRGO) Declined on March 7, 2017 to as low as $69.00 per share.