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Case Status:    ONGOING    
On or around 12/19/2019 (Date of last review)

Filing Date: June 27, 2019

The Complaint alleges that Walgreens Boots Alliance, Inc., Fred's Inc. and certain of their respective officers issued false and misleading statements and/or failed to disclose, among other things, the level of regulatory risk faced by the original and revised mergers pursuant to which Walgreens would acquire Rite Aid Corp. Walgreens and Rite Aid had entered into an agreement with Fred's to sell 865 Rite Aid stores for $950 million in an all-cash transaction in order to complete the Original Merger (the "Fred's Asset Purchase Agreement"). On January 30, 2017, Rite Aid and Walgreens announced that they had entered into a new merger agreement (the "Revised Merger"). On June 29, 2017, Rite Aid and Walgreens announced that they had terminated the Revised Merger. Following the termination of the Revised Merger, Walgreens terminated the Fred's Asset Purchase Agreement.

On September 13, 2019, the Court issued an Order appointing Lead Plaintiffs and Counsel and staying the claims against Fred's Inc. due to a bankruptcy petition. On November 4, Lead Plaintiffs filed an amended Complaint.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: FRED
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: W.D. Tennessee
DOCKET #: 19-CV-02415
JUDGE: Hon. Sheryl H. Lipman
DATE FILED: 06/27/2019
CLASS PERIOD START: 12/20/2016
CLASS PERIOD END: 06/28/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bramlett Law Offices (Nashville 2019)
  2. Lifshitz & Miller
No Document Title Filing Date
COURT: W.D. Tennessee
DOCKET #: 19-CV-02415
JUDGE: Hon. Sheryl H. Lipman
DATE FILED: 11/04/2019
CLASS PERIOD START: 12/20/2016
CLASS PERIOD END: 06/28/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bronstein, Gewirtz & Grossman, LLC (New York)
    60 East 42nd Street - Suite 4600, Bronstein, Gewirtz & Grossman, LLC (New York), NY 10165
    212.697.6484 212.697.7296 · info@bgandg.com
  2. Holifield Janich & Ferrera, PLLC
    11907 Kingston Pike Suite 201, Holifield Janich & Ferrera, PLLC, TN 37934
    .865.566.0115 .865.566.0119 ·
  3. Pomerantz LLP (Chicago)
    10 South LaSalle Street, Suite 3505 , Pomerantz LLP (Chicago), IL 60603
    312-377-1181 312-377-1184 ·
No Document Title Filing Date
—Related District Court Filings Data is not available