October 24, 2018
A Pennsylvania federal judge shot down a proposed class action Wednesday accusing Walgreens Boots Alliance Inc. of misrepresenting the likelihood that its since-failed merger with Rite Aid Corp. would secure regulatory approval, saying the investor who brought the suit purchased shares too early.
July 11, 2018
Rite Aid Corp. can duck a proposed class action alleging it misled investors while trying to clear antitrust hurdles that ultimately dampened a $17.2 billion takeover bid by Walgreens, a Pennsylvania federal judge said on Wednesday, but Walgreens may still be liable.