February 17, 2026
Cohen Milstein Sellers & Toll PLLC will represent a proposed class of Perrigo Company PLC investors who allege the company failed to disclose critical issues with infant formula operations that it purchased from Nestlé and caused stock prices to drop as the issues came to light.
In a Friday order in Manhattan federal court, U.S. District Judge Margaret M. Garnett appointed Cohen Milstein lead counsel for the proposed class, finding that the firm’s pension fund client had the greatest financial interest in the suit with about $2.8 million in alleged losses.
“[The International Brotherhood of Teamsters Local No. 710 Pension Fund]’s selected counsel, Cohen Milstein, is an established firm with significant experience representing plaintiffs in complex securities fraud class actions, there is no evidence that Teamsters 710 has interests adverse to the class, and the court is confident that the nearly $2.8 million in claimed losses will motivate Teamsters 710 to vigorously prosecute the case,” Judge Garnett said Friday.
Cohen Milstein’s client beat out three other would-be lead plaintiffs for the chance to represent the class.
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On Tuesday, Carol Gilden, an attorney for the pension fund, told Law360 via email that “We are pleased the court appointed our client Teamster 710 Pension Fund as lead plaintiff and approved the firm as lead counsel.”
“We look forward to pursuing this action and holding Perrigo and its officers accountable for the allegedly false and misleading statements made to investors regarding the company’s infant formula business,” Gilden said.
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The International Brotherhood of Teamsters Local No. 710 Pension Fund is represented by Michael Eisenkraft, Carol V. Gilden, Steven J. Toll and Claire Marsden of Cohen Milstein Sellers & Toll PLLC.
Read Cohen Milstein To Rep Perrigo Investors in Formula Biz Suit.