WALGREEN SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Exce...
May 29 2015 - 10:00PM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150529006166/en/
Kahn Swick & Foti, LLCLewis Kahn, 1-877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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