Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Walgreens Boots Alliance, Inc. (WBA) and Encourages Stockholders to Learn More About the Investigation ...

Bronstein, Gewirtz & Grossman, LLC Encourages Walgreens Boots Alliance, Inc. (WBA) Investors to Inquire about Securities Investigation ...

ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Walgreens Boots Alliance, Inc. Investors to Inquire About Securities Class Action Investigation - WBA ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Lawsuit Against Walgreens - The Department of Justice (DOJ) has filed a lawsuit against Walgreens, alleging the company dispensed millions of unlawful prescriptions from August 2012 to the present [1] - The DOJ claims Walgreens knowingly filled prescriptions that lacked legitimate medical purpose, were invalid, or not issued in the usual course of professional practice [1] - The lawsuit aims to hold Walgreens accountable for failing to meet its obligations in dispensing dangerous opioids and other drugs [1] Allegations of Unlawful Practices - Walgreens pharmacists allegedly filled millions of prescriptions with clear red flags indicating they were highly likely to be unlawful [2] - The company systematically pressured pharmacists to fill prescriptions, including controlled substances, without confirming their validity [2] - These practices allegedly allowed millions of opioid pills and other controlled substances to flow illegally out of Walgreens stores [2] Consequences of Alleged Actions - Some Walgreens patients reportedly died of overdoses shortly after receiving invalid prescriptions filled at Walgreens [2] Legal Proceedings - The 300-page lawsuit was filed in the U.S. District Court in Chicago [3]

To say that pharmacy retailer Walgreens Boots Alliance (WBA 3.19%) has been struggling would be a massive understatement. It's coming off a horrendous year in 2024, when its share price crashed by 64%. The stock has been trading around levels it hasn't been at in decades as investors are concerned about the company's future.However, contrarian investors may hope that this can be a good turnaround play. That assumes that Walgreens can drastically cut costs and improve its financials as it focuses on profitab ...

The top executive at Walgreens lamented the loss of sales from putting items like toothpaste behind lock and key to crack down on rampant shoplifting that has plagued pharmacy chains around the country.“When you lock things up…you don’t sell as many of them. We’ve kind of proven that pretty conclusively,” Tim Wentworth, CEO of Walgreens Boots Alliance, told investors during a recent earnings call.He went on to say that grappling with retail theft was akin to a “hand-to-hand combat battle” and called the ant ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Shares of Walgreens Boots Alliance (WBA 2.86%) fell sharply last year as a combination of declining vaccine demand, headwinds on consumer discretionary spending, and misguided acquisitions led to a series of dismal earnings reports from the company.As a result, Walgreens was forced to cut its dividend, took a multibillion-dollar impairment charge, and lost its place in the Dow Jones Industrial Average (^DJI 0.52%). According to data from S&P Global Market Intelligence, the stock fell 64% over the course of ...

The Walgreens store at 3646 N. Broadway in Chicago on Nov. 28, 2024. The Wall Street Journal ... [+] reported that Walgreens Boots Alliance is considering selling the company to a private equity firm. (Terrence Antonio James/Chicago Tribune/Tribune News Service via Getty Images)TNSWalgreens stock surged 27% on Friday, Jan 10, after the company reported upbeat Q1 (fiscal ends in August) results. It reported revenue of $39.5 billion and adjusted earnings of $0.51 per share, compared to the consensus estimates ...