Chabot et al v. Walgreens Boots Alliance, Inc. et al

  1. February 09, 2024

    Rite Aid Investors' Attys Get $58M As Walgreens Deal OK'd

    Counsel representing a class of Rite Aid investors will take home nearly $58 million in attorney fees after a Pennsylvania federal judge granted final approval to the $192.5 million deal resolving claims that Walgreens' executives lied about the likelihood of an ultimately unsuccessful merger between the two drugstore chains.

  2. October 18, 2023

    Rite Aid Investors, Walgreens Ink $192M Deal In Merger Row

    A class of Rite Aid investors said Wednesday that Walgreens Boots Alliance has agreed to pay $192.5 million to end allegations in Pennsylvania federal court claiming that Walgreens' executives lied about the likelihood of an ultimately unsuccessful merger between the two drugstore chains.

  3. April 03, 2023

    Rite Aid Investors, Walgreens Can't Slim Or Toss Merger Suit

    Walgreens Boots Alliance and the Rite Aid investors suing them over the drugstore chains' failed merger should probably be in settlement talks, a Pennsylvania federal judge hinted as he refused to toss or narrow the litigation.

  4. January 25, 2022

    Rite Aid Investors, Walgreens Ask To Slim Or Toss Merger Suit

    Rite Aid investors and executives at Walgreens Boots Alliance Inc. both think enough facts are on their side to toss out or narrow a lawsuit over whether the executives' claims about the likelihood of an ultimately unsuccessful merger between the pharmacy giants artificially inflated Rite Aid stock.

  5. June 07, 2021

    Weil Overdid Merger Docs' Redactions, Rite Aid Investors Say

    Weil Gotshal & Manges LLP excessively redacted large swaths of its communications with Walgreens executives when turning over documents to Rite Aid investors suing over the companies' failed merger, an attorney for the investors told a Pennsylvania federal magistrate Monday.

  6. March 01, 2021

    Weil Must Turn Over Walgreens-Rite Aid Merger Documents

    Weil Gotshal & Manges LLP must turn over documents concerning the firm's communications with Walgreens and two of its executives over the company's failed merger with Rite Aid, a Pennsylvania federal judge has ruled in a class action alleging that the pharmacy chain misrepresented that the deal would clear the Federal Trade Commission.

  7. January 21, 2020

    Rite Aid Investors Challenging Walgreens Merger Win Cert.

    Investors who lost money on Rite Aid stock during the company's failed merger with Walgreens received class certification Tuesday from a Pennsylvania federal judge, allowing them to level a suit against Walgreens and two of its executives over statements that supposedly inflated Rite Aid's value until the merger collapsed.

  8. July 29, 2019

    Rite Aid Investors Seek Cert. In Failed Walgreens Merger Suit

    Three Rite Aid Corp. investors who lost stock value during a failed merger with Walgreens Boots Alliance Inc. have asked a Pennsylvania federal court to certify a class action accusing the companies' executives of making false statements that misrepresented the likelihood that regulators would have approved the merger.

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