Walgreens Boots Alliance, Inc.
Case Overview
28 Days Left to Seek Lead Plaintiff
Lead Plaintiff Deadline: | Lead Plaintiff Deadline: 09/10/2024 |
Status: | Status: Investigating |
Company Name: | Company Name: Walgreens Boots Alliance, Inc. |
Court: | Court: Northern District of Illinois |
Case Number: | Case Number: 1:24cv05907 |
Class Period: | Class Period: 10/12/2023 - 06/26/2024 |
Ticker: | Ticker: WBA |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Illinois on behalf of those who acquired Walgreens Boots Alliance, Inc. et al. (“Walgreens” or the “Company”) (NASDAQ: WBA) securities during the period of October 12, 2023 through June 26, 2024, inclusive (“the Class Period”). Investors have until September 10, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that on June 27, 2024, Walgreens announced third quarter 2024 financial results and reduced its revenue guidance for the fourth quarter and full fiscal year 2024. The Company attributed its results and lowered guidance on the "significant challenges in the U.S. Retail Pharmacy business stemming from a worse-than-expected consumer environment and challenging pharmacy industry trends." Following this news, Walgreens stock began trading more than 20% lower than the previous day's closing price of $15.65 per share.
The lawsuit alleges that on June 27, 2024, Walgreens announced third quarter 2024 financial results and reduced its revenue guidance for the fourth quarter and full fiscal year 2024. The Company attributed its results and lowered guidance on the "significant challenges in the U.S. Retail Pharmacy business stemming from a worse-than-expected consumer environment and challenging pharmacy industry trends." Following this news, Walgreens stock began trading more than 20% lower than the previous day's closing price of $15.65 per share.