| COMPANY |
Walgreens Boots Alliance, Inc. |
| COURT |
United States District Court for the Northern District of Illinois |
| CASE NUMBER |
24-cv-05907 |
| JUDGE |
The Hon. Joan B. Gottschall |
| CLASS PERIOD |
October 12, 2023 through June 26, 2024 |
| SECURITY TYPE |
Securities |
Case Background:
This is a class action on behalf of persons or entities who purchased or otherwise acquired Walgreens Boots Alliance, Inc. securities from October 12, 2023 through June 26, 2024, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants touted the company’s projected revenue outlook and anticipated growth while minimizing risk from seasonality and macroeconomic fluctuations. In truth, however, the complaint alleges that Walgreens’s optimistic reports of growth, cost cutting measures, and overall stability of its pharmacy division were misleading and that the company’s pharmacy division was not equipped to handle the ongoing challenges in its industry and, further, would require significant restructuring to create a sustainable model.
Current Status of Case:
On September 17, 2024, the Court entered an Order appointing Co-Lead Plaintiffs and Approval of the Selection of Counsel. Lead Plaintiff filed a Consolidated Amended Complaint on December 20, 2024. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.