Walgreens Investors Alert: Securities Class Action Lawsuit Filed
NEW YORK, Feb. 11, 2025
Levi & Korsinsky, LLP, a premier securities litigation firm, has announced that a class action securities lawsuit has been commenced on behalf of investors in Walgreens Boots Alliance, Inc. (“Walgreens” or the “Company”) (NASDAQ: WBA). The lawsuit seeks to recover losses on behalf of Walgreens investors who were adversely affected by alleged securities fraud between April 2, 2020, and January 16, 2025.
Class Definition
The class action lawsuit is brought on behalf of all persons or entities who purchased or otherwise acquired securities of Walgreens between April 2, 2020, and January 16, 2025, inclusive (the “Class Period”).
Allegations
The complaint alleges that Walgreens made false and/or misleading statements and/or failed to disclose material information during the Class Period. Specifically, the complaint alleges that the Company failed to disclose:
- The true extent of the operational and financial challenges at Rite Aid, following Walgreens’ acquisition of a majority stake in Rite Aid in 2018;
- The impact of these challenges on Walgreens’ financial results;
- The Company’s inability to effectively integrate Rite Aid’s operations;
- The Company’s failure to disclose material information about the impact of the COVID-19 pandemic on its business;
Impact on Investors
As a result of the above alleged false and misleading statements, Walgreens investors suffered significant losses. The lawsuit seeks to recover damages on behalf of these investors.
Impact on the World
The impact of this securities lawsuit goes beyond just Walgreens investors. The allegations of securities fraud can damage the reputation of the Company and potentially lead to increased regulatory scrutiny. Furthermore, the lawsuit may lead to increased transparency and disclosure from the Company regarding its operations and financial performance.
Conclusion
If you purchased Walgreens securities during the Class Period, you may be eligible to receive compensation for your losses. The securities lawyers at Levi & Korsinsky, LLP encourage you to contact them to discuss your legal rights and options.
This securities lawsuit is a reminder that companies have a responsibility to provide accurate and transparent information to their investors. The alleged securities fraud at Walgreens has the potential to negatively impact not only investors, but also the Company’s reputation and future business prospects. As investors, it is important to be vigilant and to seek legal recourse when necessary.
For more information, please contact Levi & Korsinsky, LLP.
Levi & Korsinsky, LLP
30 Broad St, 24th Floor
New York, NY 10004
551-200-7655
www.zlk.com
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