NEW YORK,
Jan. 7, 2020 /PRNewswire/ --
Prominent securities litigation firm Bernstein Litowitz Berger
& Grossmann LLP ("BLB&G") announces a key victory in the
securities class action against Perrigo Company plc ("Perrigo" or
the "Company"), with the certification of three classes of
investors by a New Jersey federal
court.
The certification includes a class of investors who
purchased stock in Perrigo between April
2015 and May 2017 on either
the New York Stock Exchange (NYSE) or the Tel Aviv Stock Exchange
(TASE). This is the first time that a U.S. District Court has
certified a class of investors who purchased on a non-U.S. exchange
since the U.S. Supreme Court's 2010 ruling in Morrison v. Nat'l
Australia Bank. In Morrison, the Court held that
shareholders purchasing securities on exchanges outside the U.S.
exchanges did not have claims under U.S. securities laws. The now
certified claims in Perrigo on behalf of purchasers in
Israel were brought under parallel
provisions of the Israeli securities statutes.
The ruling in Perrigo not only sets the stage for
the case to advance but also sets a precedent for shareholders in
other cases involving purchases of securities on non-U.S.
exchanges, an important development in the fight for shareholder
rights in an increasingly global market. The case was
decided by Judge Madeline Cox Arleo
in the U.S. District Court for the District of New Jersey.
For more information about the securities class action
against Perrigo please visit:
https://www.blbglaw.com/cases/perrigo-company-plc
.
About BLB&G
BLB&G is widely recognized worldwide as a leading law
firm advising institutional investors on issues related to
corporate governance, shareholder rights, and securities
litigation. Since its founding in 1983, BLB&G has built an
international reputation for excellence and integrity and pioneered
the use of the litigation process to achieve precedent-setting
governance reforms. Unique among its peers, BLB&G has obtained
several of the largest and most significant securities recoveries
in history, recovering over $33
billion on behalf of defrauded investors. More information
about the firm can be found online at www.blbglaw.com.
CONTACT:
James
Harrod
Bernstein Litowitz Berger &
Grossmann LLP
1251 Avenue of the Americas, 44th
Floor
New York, New
York 10020
(212) 554-1502
Jim.Harrod@blbglaw.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/bernstein-litowitz-achieves-significant-victory-certifying-claims-against-perrigo-nyse-tase-prgo-for-shareholders-in-both-the-united-states-and-israel-300982898.html
SOURCE Bernstein Litowitz Berger & Grossmann LLP