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WBA-WALGREENS BOOTS ALLIANCE INC

Walgreens Boots Alliance Faces Class Action Lawsuit Amid Allegations of Securities Violations and Stock Drop Following DOJ Complaint

Monday

24 February, 2025

Walgreens Boots Alliance is navigating turbulent waters with a class action lawsuit alleging securities violations and a significant stock drop following a DOJ complaint. Can the company leverage its strong fundamentals and extensive network to rebound from these legal and financial challenges?

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Key Takeaways
  • Walgreens Boots Alliance is currently embroiled in serious legal challenges that could impact its financial stability.
  • A class action lawsuit alleges the company made misleading claims regarding regulatory compliance and prescription practices.
  • The stock has experienced a decline of more than 12% due to these issues.
  • A federal court has ordered Walgreens to pay over $987 million for a breached COVID-19 testing agreement.
  • The ongoing legal and financial troubles suggest increased risks and unpredictability for potential investors.
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