Case Page

 

Case Status:    ONGOING    
On or around 11/06/2018 (Ongoing date of last review)

Filing Date: November 02, 2018

According to the Complaint, Walgreens Boots Alliance, Inc. ("Walgreens" or the Company) is a global pharmacy-led health and well-being enterprise that was created through the combination of Walgreens and Alliance Boots in December 2014.

The Complaint alleges that from October 20, 2016 to June 28, 2017, Defendants made numerous false and misleading statements concerning the level of regulatory risk faced by the Original Merger, in which Walgreens would acquire Rite Aid for $9.00 per share in cash and the Revised Merger, in which Walgreens would acquire Rite Aid for between $6.50 and $7.00 per share in cash. The Complaint alleges that Defendants made false and misleading statements: (i) downplaying or disputing contrary reports from journalists signaling regulatory turbulence; and (ii) representing that inside knowledge of the FTC gave confidence that the deal would close.

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Drugs)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: WBA
Company Market: NASDAQ
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: M.D. Pennsylvania
DOCKET #: 18-CV-02118
JUDGE: Hon. John E. Jones, III
DATE FILED: 11/02/2018
CLASS PERIOD START: 10/20/2016
CLASS PERIOD END: 06/28/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kaufman, Coren & Ress, P.C.
    Two Commerce Square, Suite 3900 , Kaufman, Coren & Ress, P.C., PA 19103
    215-735-8700 ·
  2. Robbins Geller Rudman & Dowd LLP (Boca Raton)
    120 East Palmetto Park Road, Suite 500, Robbins Geller Rudman & Dowd LLP (Boca Raton), FL 33432
    561.750.3000 561.750.3364 ·
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available