Bragar Eagel & Squire, P.C. Reports Class Action Lawsuit against Rite Aid in Latest Alert
Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, has announced that a class action lawsuit has been filed against Rite Aid Corporation on behalf of investors who purchased the company’s securities.
The Allegations against Rite Aid
According to the class action lawsuit, Rite Aid allegedly made false and misleading statements related to the company’s business and financial performance. Specifically, the lawsuit claims that Rite Aid made false statements regarding its compliance with federal regulations related to the distribution of controlled substances.
Additionally, the lawsuit alleges that Rite Aid made false statements regarding the impact that its merger with Walgreens Boots Alliance would have on the company’s financial performance.
Impact on Investors
As a result of the alleged false and misleading statements, the lawsuit claims that investors suffered damages. The plaintiffs in the case seek to recover those damages on behalf of all investors who purchased Rite Aid securities between June 27, 2018, and August 8, 2019.
Bragar Eagel & Squire, P.C. Represents Investors
Bragar Eagel & Squire, P.C. is a nationally recognized shareholder law firm that represents investors in securities litigation and other legal actions. The firm is committed to helping investors recover losses caused by securities fraud, breaches of fiduciary duty, and other unlawful conduct.
If you are an investor who suffered losses as a result of Rite Aid’s alleged misconduct, you may be able to recover those losses through a class action lawsuit. Contact Bragar Eagel & Squire, P.C. to learn more about your legal rights and options.
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Summary: Bragar Eagel & Squire, P.C. has filed a class action lawsuit against Rite Aid on behalf of investors who purchased the company’s securities. The lawsuit alleges that Rite Aid made false and misleading statements about its business and financial performance, causing investors to suffer damages. Bragar Eagel & Squire, P.C. is a nationally recognized shareholder law firm that represents investors in securities litigation and other legal actions. Investors who suffered losses due to Rite Aid’s alleged misconduct may be able to recover those losses through a class action lawsuit. #BUSINESS