Core Viewpoint - Walgreens Boots Alliance, Inc. is facing a class action lawsuit due to allegations of false statements and regulatory violations during the Class Period from April 2, 2020, to January 16, 2025 [1][3]. Group 1: Legal Allegations - The lawsuit claims that Walgreens violated federal laws regarding prescription medication dispensation and reimbursement, despite its stated commitment to regulatory compliance [3]. - It is alleged that these violations led to increased regulatory scrutiny, civil liability, and reputational harm for Walgreens [3]. - The lawsuit further asserts that Walgreens' prescription medication revenues were unsustainable, as they were partially derived from unlawful practices [4]. Group 2: Regulatory Actions and Impact - On January 17, 2025, the U.S. Department of Justice filed a civil complaint against Walgreens for dispensing millions of unlawful prescriptions in violation of the Controlled Substances Act and seeking reimbursement from federal health care programs in violation of the False Claims Act [5]. - Following the announcement of the DOJ complaint, Walgreens' stock price experienced a decline of more than 12% over two trading sessions [5].
Walgreens Boots Alliance, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. March 31, 2025 Deadline to file Lead Plaintiff Motion