Important Notice for Walgreens Boots Alliance, Inc. (WBA) Shareholders
New York, NY – The Gross Law Firm, a leading national shareholder rights law firm, issues this notice to investors concerning the ongoing securities class action against Walgreens Boots Alliance, Inc. (WBA).
Background
On February 13, 2025, The Gross Law Firm filed a class action lawsuit against Walgreens Boots Alliance, Inc. (WBA) in the United States District Court for the Northern District of Illinois. The complaint alleges that during the class period, between December 31, 2020, and October 27, 2022, Walgreens Boots Alliance, Inc. made false and/or misleading statements and/or failed to disclose material adverse facts about the company’s business, operations, and financial condition.
Class Period and Eligibility
If you purchased or acquired the shares of WBA during the class period, you may be a member of the class. The class period begins on December 31, 2020, and ends on October 27, 2022. If you wish to serve as a lead plaintiff, you must move the Court no later than the lead plaintiff deadline, which is set for March 13, 2025.
Effect on Individual Investors
The alleged securities fraud had a significant impact on WBA’s stock price, causing investors to suffer substantial losses. The complaint alleges that the defendants’ wrongful acts artificially inflated the price of the company’s stock, and when the truth was revealed, the price dropped dramatically. As a result, individual investors who purchased shares during the class period may have suffered financial harm.
Effect on the World
The consequences of this securities fraud lawsuit extend beyond the affected investors. The allegations against Walgreens Boots Alliance, Inc. raise concerns about corporate governance, transparency, and accountability. If the allegations are proven true, it could lead to increased scrutiny and potential regulatory action against the company. Furthermore, it may deter investors from trusting the stock market and corporate disclosures, potentially dampening investor confidence and the overall health of the stock market.
Conclusion
The Gross Law Firm encourages all WBA shareholders who purchased or acquired shares during the class period to contact the firm for more information about the lead plaintiff process. The firm represents shareholders on a contingency basis, meaning that there are no upfront costs or fees, and the firm only receives compensation if a recovery is made for the class. By working together, we can hold those responsible for the securities fraud accountable and help prevent similar conduct in the future. For more information, please contact The Gross Law Firm at 888-227-1221 or email [email protected].
This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules. The material contained in this press release is provided for informational purposes only, and it is not intended to constitute legal advice or tax advice. The facts and circumstances of each case may differ and may require different legal treatment. The information provided in this press release may not be appropriate for all investors. Consult your investment advisor before making any investment decisions.
