#USA #New York #Class Action #Securities Fraud #Walgreens

Class Action Alert for Walgreens Boots Alliance Shareholders

In a significant legal move, shareholders of Walgreens Boots Alliance, Inc. (NASDAQ: WBA) who experienced financial losses are urged to join a class action lawsuit initiated by Levi & Korsinsky, LLP. This class action seeks to recover losses sustained due to alleged securities fraud that reportedly occurred between April 2, 2020, and January 16, 2025.

Major Claims Against Walgreens

The legal complaint states that Walgreens failed to uphold its commitment to compliance with applicable regulatory standards governing the sale of prescription medications. Contrary to their public assertions, the lawsuit alleges that the company was involved in widespread violations of federal laws. Furthermore, the allegations suggest that this unlawful behavior posed substantial risks of regulatory scrutiny, civil liability, and damage to the company’s reputation.

Shareholders have been informed that as these facts came to light, it revealed Walgreens' revenues from prescription drugs were not sustainable and were derived from unlawful practices. The company's public communications are described in the suit as materially false and misleading.

What Affected Shareholders Should Do

Affected shareholders must act quickly, as they have until March 31, 2025, to request the court appoint them as lead plaintiffs in the lawsuit. Importantly, joining the class action does not require serving as a lead plaintiff, which means more shareholders can participate in the potential compensation process.

Levi & Korsinsky emphasizes that shareholders can join this class action without incurring any costs. If you have lost money in your investment in Walgreens during the period outlined, you may be entitled to compensation with no out-of-pocket fees associated. It's a golden opportunity to reclaim some of the financial losses you may have faced.

Why Choose Levi & Korsinsky?

With over 20 years of specialized experience in securities litigation, Levi & Korsinsky has built a robust reputation, recovering hundreds of millions of dollars for aggrieved shareholders. The firm has received recognition in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, establishing it as a leading firm in handling complex securities cases.

How to Get Involved

If you're a shareholder who believes you are eligible for compensation, you can directly reach out to Levi & Korsinsky’s team to understand your legal options better. Interested investors can contact Joseph E. Levi, Esq., through email or by phone. You are encouraged to visit the provided link for more details or to fill in the required forms.

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500

Conclusion

As Walgreens Boots Alliance moves through this legal scrutiny, shareholders have the opportunity to stand up for their rights by potentially joining a class action lawsuit. With no upfront costs and a chance at recovering losses, this initiative could be a pivotal moment for those affected. Don’t miss the chance to hold the company accountable while seeking justice for your financial losses.