Processing your request

please wait...

Case Page


Case Status:    DISMISSED    
On or around 12/13/2016 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: December 05, 2014

According to the press release, the class action, filed in United States District Court, Northern District of Illinois, is on behalf of a class consisting of all persons or entities who held shares of Walgreen on November 17, 2014, and arises from material misstatements and omissions in proxy communications with respect to (a) a proposed share issuance by Walgreen to Alliance Boots GmbH ("Alliance Boots") shareholders and (b) a corporate reorganization of Walgreen. This action asserts claims under Section 14(a) of the Securities Exchange Act of 1934 (the "Exchange Act"), 15 U.S.C. # 78n(a), and Rule 14a-9, 17 C.F.R. # 240.14a-9, promulgated thereunder by the U.S. Securities and Exchange Commission ("SEC"), which claims seek redress on the basis of negligence and do not sound in fraud. This action also asserts separate claims under Section 20(a) of the Exchange Act. Additionally, the class action asserts state law fiduciary duty violations relating to the same alleged misstatements and omissions by the Defendants.

On July 2, 2015, the parties filed a Stipulation of Settlement. The Settlement was preliminarily approved on July 14. The Settlement was granted final approval and this case was dismissed on November 20. A Notice of Appeal of this final order was filed on December 17.

On September 1, 2016, the Court of Appeals issued a Judgment reversing the District Court's judgment and remanding for further proceedings.

This action was voluntarily dismissed on December 13, 2016.


Sector: Consumer Non-Cyclical
Industry: Personal & Household Products
Headquarters: United States


Ticker Symbol: WAG
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. Illinois
DOCKET #: 14-CV-09786
JUDGE: Hon.Gary Feinerman
DATE FILED: 12/05/2014
CLASS PERIOD END: 12/05/2014
  1. Pomerantz Haudek Block Grossman & Gross LLP (Chicago)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available