Walgreen Agrees To $105M Settlement In Shareholder Class Action Lawsuit

Mealey's (June 28, 2022, 1:22 PM EDT) -- CHICAGO — Preliminary approval of a $105 million proposed settlement in a securities class action alleging that Walgreen Co. and certain of two of its former senior executives misrepresented the expected financial benefits of the company’s merger with another company in violation of federal securities law is warranted because the proposed settlement preliminarily meets all necessary factors for approval, the lead plaintiff in the action argues in a June 23 motion filed in Illinois federal court....