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RAD.US
id: 852
Rite Aid Corp (RAD) $192.5M Shareholder Settlement from Walgreens
The process of distributing settlement funds to claimants has started.
$192,500,000
Cash SettlementM.D. Pennsylvania
Court1:18-cv-02118
Case number10/20/2016
Class period Start06/28/2017
Class period End02/12/2024
Claim deadlineWalgreens Boots Alliance (WBA) agreed to settle $192.5 million with shareholders of Rite Aid Corporation (RAD) to end litigation over downplaying regulatory risks within the merger deal.
Those persons or entities who purchased or otherwise acquired Rite Aid Corporation (RAD) common stock between October 20, 2016, and June 28, 2017, inclusive, and were damaged thereby, may be entitled to a payout.
Case Type
US Securities Class Action
Case Status
Disbursement
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.22
Filing date
11/02/2018
Plaintiffs
Douglas S. Chabot, Corey M. Dayton
Attorneys
Robbins Geller Rudman & Dowd LLP, Saxton & Stump LLC
Defendants
Walgreens Boots Alliance, Stefano Pessina, George R. Fairweather
Judge
Hon. Jennifer P. Wilson
Administrator
Gilardi & Co LLC
Settlement agreement date
2023-10-18
Trades matching type
FIFO
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