Deadline in Lawsuit for Investors in Walgreens Boots Alliance Inc (NYSE:WAG) Shares Announced by Shareholders Foundation
28 April 2015 - 2:50PM
The Shareholders Foundation, Inc. announces that a lawsuit was
filed on behalf of certain purchasers of shares of Walgreens Boots
Alliance Inc (NYSE:WAG) (“Walgreens”) over alleged Violations of
Federal Securities Laws by Walgreens.
Investors who purchased a significant amount of shares of
Walgreens Boots Alliance Inc (NYSE:WAG) between March 25, 2014 and
August 5, 2014, and / or Investors who purchased any (NYSE:WAG)
shares prior to March 2014 and continue to hold any of those shares
have certain options and for certain investors are short and strict
deadlines running. Deadline: June 9, 2015. (NYSE:WAG) investors
should contact the Shareholders Foundation at
mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On June 19, 2012, Walgreens announced that it had entered into a
strategic partnership with Alliance Boots GmbH to create a global
pharmacy-led health and wellbeing enterprise.
The plaintiff claims that between March 25, 2014 and August 5,
2014 defendants publicly announced goals for fiscal year 2016 of $1
billion in combined synergies and $9 to $9.5 billion in adjusted
earnings before interest and taxes (“EBIT”) for the combined
entity, but concealed a $1.8 to $2.3 billion fiscal year 2016
earnings shortfall and the reasons for the shortfall from the
investing public and that as a result of defendants’ allegedly
false and misleading statements and/or omissions between March 25,
2014 and August 5, 2014, the price for (NYSE:WAG) traded at
allegedly artificially inflated prices, reaching a high of $76.08
per share.
The plaintiff says that the defendants heralded the partnership
as providing an unmatched supply chain, an unparalleled portfolio
of health and wellness brands, and a unique platform in developed
and emerging markets.
The plaintiff alleges that on August 6, 2014, Walgreens and
Alliance Boots hosted an investor call and during the call
Walgreens former CEO and Walgreens bundled the disclosure of the
new FY 2016 EBIT goal, which revealed the amount of the massive
shortfall that had been concealed between March 25, 2014 and August
5, 2014 and that the purported benefits of the merger were not
nearly as robust as represented, with numerous optimistic
statements. (NYSE:WAG) shares declined to $59.21 per share on
August 6, 2014.
Those who purchased (NYSE:WAG) shares have certain options and
should contact the Shareholders Foundation, Inc. by e-mail at
mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio
legal monitoring and a settlement claim filing service, which does
research related to shareholder issues and informs investors of
securities class actions, settlements, judgments, and other legal
related news to the stock/financial market. The Shareholders
Foundation, Inc. is not a law firm. The information is provided as
a public service. It is not intended as legal advice and should not
be relied upon.
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108