RAD.US
id: 852, Created by Stan Vick, Scout
Rite Aid Corp (RAD) $192.5M Shareholder Settlement from Walgreens
How it works?
- Company agreed to settle with investors to avoid further litigation
- We prepare documents and claim payout for you
M.D. Pennsylvania
Court1:18-cv-02118
Case number20 Oct 2016
Class period Start28 Jun 2017
Class period EndWalgreens Boots Alliance (WBA) agreed to settle $192.5 million with shareholders of Rite Aid Corporation (RAD) to end litigation over downplaying regulatory risks within the merger deal.
Those persons or entities who purchased or otherwise acquired Rite Aid Corporation (RAD) common stock between October 20, 2016, and June 28, 2017, inclusive, and were damaged thereby, may be entitled to a payout.
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.22
Filing date
02 November 2018
Plaintiffs
Douglas S. Chabot, Corey M. Dayton
Attorneys
Robbins Geller Rudman & Dowd LLP, Saxton & Stump LLC
Defendants
Walgreens Boots Alliance, Stefano Pessina, George R. Fairweather
Judge
Hon. Jennifer P. Wilson
Administrator
Gilardi & Co LLC
Settlement agreement date
2023-10-18
Trades matching type
FIFO
+$192,500,000
Total Settlement Amount