Sign In
WBA.US
id: 316, Created by Stan Vick, Scout

Walgreens Boots Alliance Inc

Claim deadline for this case already passed by, but we can still try and file for compensation for you
Claim payout
N.D. Illinois
Court
17 Apr 2014
Class period Start
05 Aug 2014
Class period End
05 Nov 2022
Claim deadline
Washtenaw County Employees’ Retirement System v. Walgreen Co. et al.

Walgreen Co agreed to pay $105 million to settle a securities class action lawsuit accusing the Company of deceiving investors about business prospects.

The original complaint alleged that:
  • the Company issued false and misleading statements and/or failed to disclose material information regarding Walgreens’ business and prospects, including the purported benefits of Walgreens’ strategic partnership with Alliance Boots GmbH.
  • Walgreen publicly announced goals for the fiscal year 2016 of $1 billion in combined synergies and $9 to $9.5 billion in adjusted EBIT for the combined entity but concealed a $1.8 to $2.3 billion the fiscal year 2016 earnings shortfall and the reasons for the shortfall from the investing public.
As a result, the price of Walgreens stock traded at artificially inflated prices.

After several years of court proceedings, Walgreen agreed to settle with investors to avoid further litigation.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
Washtenaw County Employees’ Retirement System
Attorney
Kessler Topaz Meltzer & Check LLP (California), Robbins Geller Rudman & Dowd LLP
Judge
Hon. Sharon Johnson Coleman
Administrator
A.B. Data Ltd
Court hearing date
07 October 2022
+$105,000,000
Total Settlement Amount
Created by Stan Vick, Scout

Walgreens Boots Alliance Inc

Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and beauty retail company. It operates through two segments, the United States and International. The United States segment sells pr...

    Ticker
    WBA.US
    ISIN
    US9314271084
    CIK
    1618921
    Sector
    Healthcare
    Industry
    Pharmaceutical Retailers
    Country
    USA
    Address
    108 Wilmot Road, Deerfield, IL, United States, 60015