Rite Aid Corp (RAD) $192.5M Shareholder Settlement from Walgreens

Late claims are being considered for compensation, subject to approval.

M.D. Pennsylvania

Court

1:18-cv-02118

Case number

10/20/2016

Class period Start

06/28/2017

Class period End

02/12/2024

Claim deadline

Walgreens 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. 

Case Status

Accepting Late Claims

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

11/02/2018

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

Cash Settlement Amount