Roofer's Pension Fund v. Papa et al.
Perrigo Securities Litigation
16-CV-2805-MCA -LDW

Frequently Asked Questions

 

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  • All persons who purchased or otherwise acquired Perrigo’s common stock between April 21, 2015 and May 2, 2017 (“the Class Period”) or held Perrigo shares as of November 12, 2015 and through at least 8:00 a.m. on November 13, 2015, you are a member of one or more Classes.

    If you fit the description of a Class Member, you have a choice whether or not to remain a member of the Class on whose behalf this Action is being maintained.

    If you choose to remain in the Class(es), you will be bound by all orders and judgments in this Action, whether favorable or unfavorable. If the Classes prevail on the common issues, or if a settlement is reached, you may be able to recover an award. If Defendants prevail, you may not pursue a lawsuit on your own behalf with regard to any of the issues decided in this Action. Your interests are being represented by the Class Representative and Class Counsel. You will not be personally responsible for attorneys’ fees or costs unless you hire your own individual attorney. Class Counsel has agreed to represent the Classes on a contingent fee basis, which means that it will be awarded fees and costs only if it succeeds in obtaining a recovery from one or more of the Defendants. Any attorneys’ fees and costs will be awarded by this Court from the settlement or judgment, if any, obtained on behalf of the Classes. You may remain a member of the Class(es) and elect to be represented by counsel of your own choosing. If you retain your own separate counsel, you will be responsible for that counsel’s fees and expenses, and such counsel must enter an appearance on your behalf by filing a Notice of Appearance with the Court and mailing it to Class Counsel at the address set forth below on or before December 3, 2020

  • This Action is a securities class action lawsuit alleging violations of Sections 10(b), 14(e) and 20(a) of the Securities Exchange Act of 1934 and certain claims under Israeli law. This lawsuit asserts that Defendants made material misrepresentations and omissions regarding: (a) the performance and integration of Omega, which Perrigo acquired in early 2015; and (b) Perrigo’s pricing strategy, noncompetitive practices, and the competitive environment for Perrigo’s generic prescription drug unit. Defendants are Perrigo, Joseph Papa, Perrigo’s former Chief Executive Officer, and Judy Brown, Perrigo’s former Chief Financial Officer. 


    This Action was commenced on May 18, 2016. On February 10, 2017, the Court issued an Order appointing Perrigo Institutional Investor Group (consisting of Migdal Insurance Company Ltd., Migdal Makefet Pension and Provident Funds Ltd., Clal Insurance Company Ltd., Clal Pension and Provident Ltd., Atudot Pension Fund for Employees and Independent Workers Ltd., and Meitav DS Provident Funds and Pension Ltd.) as Lead Plaintiff and appointing Pomerantz LLP and Bernstein Litowitz Berger & Grossmann LLP as co-Lead Counsel. 


    On June 21, 2017, Lead Plaintiff filed its Amended Complaint for Violation of Federal Securities Laws (the “Amended Complaint”). On August 21, 2017, Defendants moved to dismiss the Amended Complaint. On July 27, 2018, the Court issued an Order granting in part and denying in part Defendants’ motion to dismiss.


    On November 30, 2018, Lead Plaintiff filed a motion for class certification. On November 14, 2019, the Court certified the Classes defined on the Home page of this website, appointed Lead Plaintiff to serve as Class Representative, and appointed Pomerantz LLP and Bernstein Litowitz Berger & Grossmann LLP as Class Counsel. 


    Defendants deny all claims and wrongdoing asserted in the Action and any liability arising out of the conduct alleged in the Amended Complaint.  


    Discovery in this Action is ongoing. The Court has not yet set a deadline for filing summary judgment motions or scheduled a trial date.

     
  • Discovery in this Action is ongoing. The Court has not yet set a deadline for filing summary judgment motions or scheduled a trial date.

    This Action has not been settled and continues to be litigated. Accordingly, no claim form need be filed at this time.

  • If you purchased or otherwise acquired Perrigo’s common stock between April 21, 2015 and May 2, 2017 (“the Class Period”) or held Perrigo shares as of November 12, 2015 and through at least 8:00 a.m. on November 13, 2015, you are a member of one or more Classes.

  • If you do nothing, you will remain a Class Member and you will be bound by all orders and judgments in this Action, whether favorable or unfavorable. If the Classes prevail on the common issues, or if a settlement is reached, you may be able to recover an award. If Defendants prevail, you may not pursue a lawsuit on your own behalf with regard to any of the issues decided in this Action. Your interests are being represented by the Class Representative and Class Counsel. You will not be personally responsible for attorneys’ fees or costs unless you hire your own individual attorney. Class Counsel has agreed to represent the Classes on a contingent fee basis, which means that it will be awarded fees and costs only if it succeeds in obtaining a recovery from one or more of the Defendants. Any attorneys’ fees and costs will be awarded by this Court from the settlement or judgment, if any, obtained on behalf of the Classes. You may remain a member of the Class(es) and elect to be represented by counsel of your own choosing. If you retain your own separate counsel, you will be responsible for that counsel’s fees and expenses, and such counsel must enter an appearance on your behalf by filing a Notice of Appearance with the Court and mailing it to Class Counsel at the address set forth below on or before December 3, 2020.

  • To exclude yourself from the Class(es), you must send a signed letter by mail stating that you “request exclusion” from the Class(es) in “Roofer’s Pension Fund v. Papa, et al., No. 16-CV-2805-MCA-LDW.” Be sure to include: (i) your name, address, and telephone number, (ii) the transactional details of the Perrigo common stock you purchased, acquired, sold and/or held during the Class Period, including purchase/sale dates, amount of shares purchased or sold, the price of such purchases or sales, and the number of shares held as of market close on November 12, 2015 at least through 8:00 a.m. eastern time on November 13, 2015; and (iii) the signature of the person or entity requesting exclusion or an authorized representative. Your request for exclusion will not be effective unless it contains all of this information. You must then mail your exclusion request, postmarked no later than December 3, 2020, to:

    Perrigo Securities Litigation
    c/o JND Legal Administration
    PO Box 91374
    Seattle, WA 98111

    You cannot exclude yourself from the Class(es) by telephone or e-mail. If your request for exclusion is timely mailed and follows the above requirements, you will not be bound by any judgment in this Action. However, if you validly request exclusion, then you will not be eligible to share in any recovery in this Action. Do not request exclusion if you wish to participate in this Action as a Class Member.

  • The Notice provides only a summary of the lawsuit and the claims asserted by plaintiffs. For more detailed information, you may contact Class Counsel or call the Notice Administrator at 833-674-0175 or visit the Contact Us page of this website. PLEASE DO NOT CALL OR WRITE THE COURT OR THE OFFICE OF THE CLERK FOR INFORMATION OR ADVICE.

     

    Class Counsel:

    Pomerantz LLP
    Joshua Silverman
    10 S. LaSalle Street
    Chicago, IL 60603
    (312) 377-1181

     

    Bernstein Litowitz Berger & Grossmann LLP
    James Harrod
    1251 Avenue of the Americas
    New York, NY 10020
    (212) 554-1400

  • If you purchased or otherwise acquired Perrigo common stock during the Class Period or held Perrigo common stock as of the market close on November 12, 2015 and through at least 8:00 a.m. eastern time on November 13, 2015 for the beneficial interest of any person or entity other than yourself, you must, WITHIN SEVEN (7) DAYS OF YOUR RECEIPT OF THE NOTICE, either (a) request from the Notice Administrator sufficient copies of the Summary Notice to forward to all such beneficial owners and within seven (7) calendar days of receipt of those Summary Notices forward them to all such beneficial owners; or (b) provide a list of the names and the last known addresses of each person or entity for whom or which you purchased such securities during the relevant period to the Notice Administrator.  

    If you select option (a) above, you must send a statement to the Notice Administrator confirming that the mailing was made, and you must retain your mailing records for use in connection with any further notices that may be provided in this Action. If you select option (b), the Notice Administrator will send a copy of the Summary Notice to the beneficial owners. All written communications concerning the foregoing should be addressed to the Notice Administrator at:

     

    Perrigo Securities Litigation
    c/o JND Legal Administration
    PO Box 91374
    Seattle, WA 98111

    You are entitled to reimbursement for your reasonable expenses actually incurred in complying with the foregoing, including reimbursement of reasonable postage expenses and the reasonable costs of obtaining the names and addresses of beneficial owners, not to exceed $0.15 plus actual postage at the current pre-sort rate used by the Notice Administrator per notice you mailed, $.05 per notice you e-mailed, or $0.10 per name and address you provided to the Notice Administrator, and subject to further order of the Court with respect to any dispute concerning such reimbursement. Those reasonable expenses and costs will be paid upon request and submission of appropriate supporting documentation. All requests for reimbursement should be sent to the Notice Administrator.

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Mail

Perrigo Securities Litigation
c/o JND Legal Administration
PO Box 91374
Seattle, WA 98111