Hering v. Rite AID Corporation et al
Case Number:
1:15-cv-02440
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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October 24, 2018
Walgreens Escapes Investor Suit Over Failed Rite Aid Deal
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.
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July 11, 2018
Rite Aid Booted, Walgreens Stuck In Suit Over Failed Merger
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.