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Walgreen Sued Over Reneging On $1.4M Buyout Offer

Law360, New York (October 14, 2009) -- A store owner in Oklahoma has sued Walgreen Co. alleging breach of contract and fraud claims related to a $1.44 million buyout agreement the drugstore chain later rescinded.

Newcastle Drug Inc., a locally owned retail pharmaceutical business in Newcastle, Okla., claims Walgreen offered to buy the business to eliminate competition in its Newcastle market, then refused to pay...

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