NEW ORLEANS, LA--(Marketwired - May 15, 2015) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 9, 2015 to file lead plaintiff applications in a securities class action lawsuit against Walgreen Co. (now trading as) (
What You May Do
If you purchased shares of Walgreen and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by June 9, 2015.
About the Lawsuit
Walgreen and certain of its executives are charged with failing to disclose material information regarding Walgreen' business and prospects, including the purported benefits of Walgreen's strategic partnership with Alliance Boots GmbH. during the Class Period, violating federal securities laws.
On August 4, 2014, Walgreen announced that the Company's Chief Financial Officer would be resigning. Then, on August 6, 2014, defendants lowered its fiscal year 2016 EBIT target to $7.2 billion, $1.8 billion to $2.3 billion below the range that the Company had previously announced to investors.
On this news, the price of Walgreen's shares plummeted by over 14%.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.
Contact Information:
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn
Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447