Perrigo reaches $98M D&O insurance settlement for securities litigation costs

PERRIGO Co plc

D&O insurers will pay Perrigo $98M inclusive of costs before end of FY2024.
Settlement covers coverage obligations for securities litigation from 2015-2017 including opt-out cases.
Proceeds reimburse legal expenses and prior settlement of a class action in New Jersey federal court.
Perrigo will surrender 2015/2016 policies and withdraw claims under 2017/2018 policies.

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