DENVER, Feb. 21, 2009 (GLOBE NEWSWIRE) -- The shareholder law firm of Dyer & Berens LLP today announced that it has initiated an investigation into losses suffered by certain Perrigo Company ("Perrigo" or the "Company") (Nasdaq:PRGO) investors who owned Perrigo common stock as of February 3, 2009.
The investigation focuses on whether Company insiders failed to timely write down $15.1 million in auction rate securities previously purchased from the now-bankrupt Lehman Brothers, while at the same time selling tens of millions of dollars in their personally-held Perrigo shares. Upon disclosure of the write-down on February 3, 2009, Perrigo's stock price plummeted more than $6 per share on extremely high volume.
If you have information relevant to the investigation, or if you believe you were harmed by the foregoing, you may contact Jeffrey A. Berens, Esq. at 1-888-300-3362, 303-861-1764 or via email at jeff@dyerberens.com.
Dyer & Berens LLP specializes in complex class action litigation on behalf of injured investors throughout the nation. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.