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RAD.US
id: 852

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

M.D. Pennsylvania
Court
1:18-cv-02118
Case number
20 Oct 2016
Class period Start
28 Jun 2017
Class period End
12 Feb 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
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
Cash Settlement Amount

Rite Aid Corporation

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Ret...

    Ticker
    RAD.US
    ISIN
    US7677548726
    CIK
    84129
    Sector
    Healthcare
    Industry
    Pharmaceutical Retailers
    Country
    USA
    Address
    1200 Intrepid Avenue, Philadelphia, PA, United States