Company: PRGO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585364-25-000014
Chunk: 168

Company: PERRIGO Co plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 168
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 Perrigo Co., plc, et al.11/15/2018Discovery Global Citizens Master Fund, Ltd., et al. v. Perrigo Co. plc, et al.12/18/2019York Capital Management, L.P., et al. v. Perrigo Co. plc, et al.12/20/2019Burlington Loan Management DAC v. Perrigo Co. plc, et al.2/12/2020Universities Superannuation Scheme Limited v. Perrigo Co. plc, et al.3/2/2020Harel Insurance Company, Ltd., et al. v. Perrigo Company plc, et al.2/13/2018TIAA-CREF Investment Management, LLC., et al. v. Perrigo Company plc, et al.4/20/2018BlackRock Global Allocation Fund, Inc., et al. v. Perrigo Co. plc, et al.4/21/2020Starboard Value and Opportunity C LP, et al. v. Perrigo Company plc, et al.2/25/2021Nationwide Mutual Funds, et al. v. Perrigo Company plc, et al.10/29/2018Aberdeen Canada Funds -- Global Equity Fund, et al. v. Perrigo Company plc, et al.2/22/2019During the year ended December 31, 2024, thirteen of the cases listed above were dismissed following settlements reached in the fiscal year, cases brought by the following plaintiffs or plaintiff groups in the order listed above: Carmignac; First Manhattan; Schwab; Principal Funds; Kuwait; Mason Capital; Pentwater; WCM Alternatives; Hudson Bay; Discovery Global; York Capital; Burlington; and Universities Superannuation. During the fiscal year, the Company engaged in mediation and settlement discussions in certain of the other opt-out cases described above, and we recorded a total loss provision of approximately $96 million during the year ended December 31, 2024 as a result of reasonable estimates of probable loss regarding the remaining opt-out cases listed above and the Highfields case described below, which is included in the Other operating (income) expense, net on the Consolidated Statement of Operations. The remaining aggregate loss accrual for litigation contingencies is described below under "Contingencies Accruals." Also, during the year ended December 31, 2024, the New Jersey federal court held that the plaintiffs in an additional purported opt-out