Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, Sept. 11, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Walgreens Boots Alliance, Inc. ("Walgreens" or the "Company") (NASDAQ: WBA) investors of a class action representing investors that bought securities between October 12, 2023 to June 26, 2024, inclusive (the "Class Period"). Walgreens investors have until September 10, 2024 to file a lead plaintiff motion.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

On June 27, 2024, Walgreens' stock price dropped by $3.47, or 22.2%, closing at $12.19 per share, leading to significant losses for investors.

The class action complaint alleges that during the Class Period, the Defendants made false and/or misleading statements and failed to reveal crucial negative information about the Company’s business, operations, and future outlook. Specifically, it is claimed that Defendants did not disclose that: (1) the Company’s pharmacy division was unprepared for the ongoing challenges in the industry and would need substantial restructuring to become sustainable; and (2) as a result, Defendants' optimistic statements about the Company’s business, operations, and future prospects were misleading and lacked a factual basis.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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