SAN DIEGO, April 11, 2023 /PRNewswire/ -- The Shareholders Foundation, Inc. announces that a deadline is coming up on May 19th in the lawsuit that was filed for certain investors in NYSE: RAD shares.
Investors who suffered losses in excess of $250,000 with shares of Rite Aid Corporation (NYSE: RAD) have certain options and there are short and strict deadlines running. Deadline: May 19, 2023. NYSE: RAD investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On March 20, 2023, a lawsuit was filed over alleged securities laws violations by Rite Aid Corporation. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose, among other things, that Until at least June 2019, Rite Aid filled at least hundreds of thousands of unlawful prescriptions for controlled substances that lacked a legitimate medical purpose, including for potentially lethal opioids such as oxycodone and fentanyl, that Rite Aid pharmacists filled these prescriptions despite clear "red flags" that indicated that the prescriptions were unlawful, that Rite Aid ignored evidence that its stores were dispensing unlawful prescriptions, and intentionally deleted internal notes about suspicious prescribers written by concerned pharmacists, that by knowingly filling unlawful prescriptions for controlled substances, Rite Aid violated the Controlled Substances Act and, where Rite Aid sought reimbursement from federal healthcare programs, also violated the False Claims Act, that as a result, it was at risk of prosecution by federal authorities such as the United States Department of Justice ("DOJ").
Those who purchased Rite Aid Corporation (NYSE: RAD) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
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SOURCE Shareholders Foundation, Inc.
