SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rite Aid Corporation – RAD
NEW YORK , March 22, 2023 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Rite Aid Corporation (“Rite Aid” or the “Company”) (NYSE: RAD). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980.
The investigation concerns whether Rite Aid and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On March 13, 2023, the U.S. Department of Justice (“DOJ”) issued a press release announcing that it had filed a lawsuit against Rite Aid, intervening in a whistleblower lawsuit brought under the False Claims Act against Rite Aid and various subsidiaries, alleging that Rite Aid knowingly filled unlawful prescriptions for controlled substances. The DOJ also announced that it was suing Rite Aid for violations of the Controlled Substances Act.
On this news, Rite Aid’s stock price fell $0.71 per share, or 21.65%, over the following two trading sessions, to close at $2.57 per share on March 15, 2023.
Pomerantz LLP, with offices in New York
Robert S. Willoughby
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP
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