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Walgreens Stock Drops on News of DOJ Lawsuit Alleging Pharmacy Filled Millions of Prescriptions Without Legitimate Medical Purpose - Kehoe Law Firm, P.C. Investigating - WBA

1. Kehoe Law Firm investigates class actions for Walgreens shareholders. 2. DOJ filed a complaint alleging Walgreens dispensed unlawful prescriptions. 3. Walgreens faces violations of the Controlled Substances Act and False Claims Act. 4. The stock price dropped over 5% after the announcement.

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FAQ

Why Very Bearish?

Legal issues can lead to significant financial penalties and reputational damage. Past examples show stock declines amid legal challenges.

How important is it?

The investigation and lawsuit could materially affect WBA's valuation and investor confidence.

Why Short Term?

Immediate reactions to legal news typically affect stock prices quickly. Announcements like these have historically resulted in swift stock movements.

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Kehoe Law Firm, P.C. is investigating securities class action claims on behalf of shareholders of Walgreens Boots Alliance, Inc. ("Walgreens" or the "Company") (NASDAQ:WBA).WALGREENS INVESTORS WITH FINANCIAL LOSSES ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. FOR A FREE, NO OBLIGATION EVALUATION OF POTENTIAL LEGAL CLAIMS.Investors of Walgreens should be aware that the U.S. Department of Justice ("DOJ") has filed a civil complaint in federal court alleging that Walgreens Boots Alliance, Walgreen Co. and various subsidiaries dispensed millions of unlawful prescriptions in violation of the Controlled Substances Act ("CSA") and then sought reimbursement for many of these prescriptions from various federal health care programs in violation the False Claims Act ("FCA").According to the complaint, ". . . from approximately August 2012 through the present, Walgreens knowingly filled millions of prescriptions for controlled substances that lacked a legitimate medical purpose, were not valid, and/or were not issued in the usual course of professional practice. Among the millions of unlawful prescriptions that Walgreens allegedly filled were prescriptions for dangerous and excessive quantities of opioids, prescriptions for early refills of opioids and prescriptions for the especially dangerous and abused combination of drugs known as the 'trinity,' which is made up of an opioid, a benzodiazepine and a muscle relaxant."On this news, the stock price of Walgreens dropped more than 5% after the stock market closed on January 17, 2025.WALGREENS SHAREHOLDERS INTERESTED IN LEARNING MORE ABOUT THE SECURITIES CLASS ACTION INVESTIGATION CAN ALSO EMAIL [email protected] OR CONTACT EITHER JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], OR MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected].Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff-side class action law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.This press release may constitute attorney advertising.SOURCE: Kehoe Law Firm, P.C.

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