Claims In Walgreen Securities Suit Trimmed As Not Misleading, Forward-Looking

Mealey's (November 11, 2021, 1:54 PM EST) -- CHICAGO — A federal judge in Illinois on Nov. 2 partially granted summary judgment in favor of retail pharmacy chain Walgreen Co. and two of its former senior executives in a shareholder class action alleging that the defendants failed to disclose that the company would not be able to hit its earning goals for fiscal year 2016 after merging with another pharmacy company, ruling that several of the defendants’ alleged misstatements were not actionable....