Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Sept. 11, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Walgreens Boots Alliance, Inc. ("Walgreens" or the "Company") (NASDAQ: WBA) investors of a class action representing investors that bought securities between October 12, 2023 to June 26, 2024, inclusive (the "Class Period"). Walgreens investors have until September 10, 2024 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On June 27, 2024, Walgreens' stock price dropped by $3.47, or 22.2%, closing at $12.19 per share, leading to significant losses for investors.
The class action complaint alleges that during the Class Period, the Defendants made false and/or misleading statements and failed to reveal crucial negative information about the Company’s business, operations, and future outlook. Specifically, it is claimed that Defendants did not disclose that: (1) the Company’s pharmacy division was unprepared for the ongoing challenges in the industry and would need substantial restructuring to become sustainable; and (2) as a result, Defendants' optimistic statements about the Company’s business, operations, and future prospects were misleading and lacked a factual basis.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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