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This article was originally published in The Rose Sheet

Executive Summary

Served with a summons filed by the Grow Group that alleges general breach of fiduciary duties by the officers of Perrigo in the negotiation of their purchase of Perrigo from the Grow Group in April 1988. The action requests $2 bil. in actual damages, $2 bil. in punitive damages and rescission of the transaction. Perrigo said in a July 28 release that the allegations are "totally without merit" and that it intends to oppose the action



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