NEW YORK, Dec. 19, 2014 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Walgreen Co. ("Walgreen" or the "Company") (NYSE:WAG), Walgreens Boots Alliance, Inc. ("WBA") and certain of their officers and directors.  The class action, filed in United States District Court, Northern District of Illinois, is on behalf of a class consisting of all persons or entities who held shares of Walgreen on November 17, 2014, and arises from material misstatements and omissions in proxy communications with respect to (a) a proposed share issuance by Walgreen to Alliance Boots GmbH ("Alliance Boots") shareholders and (b) a corporate reorganization of Walgreen. This action asserts claims under Section 14(a) of the Securities Exchange Act of 1934 (the "Exchange Act"), 15 U.S.C. § 78n(a), and Rule 14a-9, 17 C.F.R. § 240.14a-9, promulgated thereunder by the U.S. Securities and Exchange Commission ("SEC"), which claims seek redress on the basis of negligence and do not sound in fraud. This action also asserts separate claims under Section 20(a) of the Exchange Act. Additionally, the class action asserts state law fiduciary duty violations relating to the same alleged misstatements and omissions by the Defendants.

If you were a Walgreen shareholders on November 17, 2014, you have until February 17, 2015 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.   To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, x237. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT: Robert S. Willoughby
         Pomerantz LLP
         rswilloughby@pomlaw.com