NEW ORLEANS -- (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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150529006166/en/
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
Managing
Partner
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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