The Schall Law Firm: Walgreens Class Action Lawsuit.
The Schall Law Firm, a national shareholder rights litigation firm, is currently reminding investors of an important class action lawsuit against Walgreens Boots Alliance, Inc. ("Walgreens" or "the Company") (NASDAQ: WBA). This lawsuit, which addresses violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, is being led by the U.S. Securities and Exchange Commission.
Investors who purchased Walgreens securities between April 2, 2020, and January 16, 2025, inclusive (the "Class Period"), are encouraged to reach out to the Schall Law Firm before the deadline of March 31, 2025.
About the Lawsuit and AllegationsÂ
The class action lawsuit arises from allegations that Walgreens made false and misleading statements to the market, misleading investors regarding its regulatory compliance. Despite promises to enhance its compliance, the Company was regularly engaging in unlawful activities related to the dispensing of prescription medications. This conduct put Walgreens at significant risk of heightened regulatory scrutiny and raised concerns over the sustainability of its revenue from prescription medication sales. As a result, Walgreens' public statements during the Class Period were deemed false and materially misleading.
When the market eventually became aware of the truth regarding Walgreens' practices, investors suffered significant damages.
What You Need to Know
Please be advised that the class has not yet been certified. Until certification occurs, you are not represented by an attorney. If you choose to take no action, you will remain an absent class member and may forfeit the opportunity to recover any losses you have incurred.
Join the case today to potentially recover your losses and ensure your rights as an investor are protected. Don't miss out on this critical legal opportunity—contact the Schall Law Firm for more information.
Eligibility to Participate
If you are a shareholder who has experienced financial loss due to the Company's actions, you may be entitled to participate in the class action lawsuit. To learn more about your eligibility, please click here.
For additional information or to discuss your legal rights free of charge, you may contact Brian Schall at the Schall Law Firm, located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067. He can be reached at 310-301-3335, Â or ia email at bschall@schallfirm.com.
The Schall Law Firm is a prominent national litigation firm dedicated to protecting the rights of investors. Specialising in shareholder rights, the firm advocates for individuals who have suffered financial losses due to corporate misconduct, securities fraud, and violations of federal laws. With years of experience, the Schall Law Firm is known for its aggressive representation in class action lawsuits and securities fraud claims. The firm is committed to achieving justice for its clients by holding companies accountable for misleading statements and unethical practices.
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