Walgreens Agrees to $192.5 Million Settlement in Rite Aid Investors’ Merger Claims
October 20, 2023
Walgreens Boots Alliance has reached a settlement of $192.5 million in a class action lawsuit filed by investors in Rite Aid. The investors alleged that Walgreens provided misleading information in 2017 regarding the scrutiny of the proposed merger between the two pharmacy chains. The lawsuit claimed that Walgreens downplayed antitrust regulatory concerns, ultimately leading to the abandonment of the merger plan in 2017.
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