Lawsuit for NYSE: RAD Investors Who Lost Over $200,000 With Rite Aid Corporation Shares Announced by the Shareholders Foundation
SAN DIEGO, CA / ACCESSWIRE / April 12, 2023 / The Shareholders Foundation, Inc. announces that a deadline is coming up on May 19th in the lawsuit that was filed for certain investors in shares of Rite Aid Corporation.
Investors, who purchased shares of Rite Aid Corporation between April 26, 2018, and March 13, 2023 and suffered losses in excess of
On March 20, 2023, a lawsuit was filed against Rite Aid Corporation. The plaintiff alleged 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 NYSE:RAD shares should contact the Shareholders Foundation, Inc.
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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
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