Judge Urged To Rethink Ruling Perrigo Hid $1.9B Irish Tax Bill
By Theresa Schliep (July 27, 2021, 1:47 PM EDT) -- Perrigo asked a New York federal court to reconsider finding that the drugmaker misled investors by failing to disclose a €1.6 billion ($1.9 billion) Irish tax bill, saying its actions were justified by Ireland's overstatement of the liability.
U.S. District Judge Denise Cote should reconsider her decision this month siding with the investors in finding that Perrigo Co.'s failure to disclose the bill in a public financial filing made that form "presumptively misleading" under federal securities law, the company said Monday. That the Irish tax agency decreased the tax bill by about 40% from its original $1.9 billion assessment made in 2018...
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