NEW ORLEANS, April 17, 2015 /PRNewswire/ -- Kahn Swick
& Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until June 9, 2015 to
file lead plaintiff applications in a securities class action
lawsuit against Walgreen Co. (now trading as NasdaqGS: WBA) if they
purchased the Company's securities between the expanded period of
March 25, 2014 and August 5, 2014, inclusive (the "Class Period").
This action is pending in the United States District Court for the
Northern District of Illinois.
What You May Do
If you purchased shares of Walgreen and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by June 9, 2015.
About the Lawsuit
Walgreen and certain of its executives are charged with failing
to disclose material information regarding Walgreen' business and
prospects, including the purported benefits of Walgreen's strategic
partnership with Alliance Boots GmbH. during the Class Period,
violating federal securities laws.
On August 4, 2014, Walgreen
announced that the Company's Chief Financial Officer would be
resigning. Then, on August 6, 2014,
defendants lowered its fiscal year 2016 EBIT target to $7.2 billion, $1.8 billion
to $2.3 billion below the range that the Company had
previously announced to investors.
On this news, the price of Walgreen's shares plummeted by over
14%.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, Charles C.
Foti, Jr., and other lawyers with significant experience
litigating complex securities class actions nationwide on behalf of
both institutional and individual shareholders, you may visit
www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC