No Manifest Error Present In Ruling In Walgreen Securities Suit, Investor Says

Mealey's (December 20, 2021, 2:20 PM EST) -- CHICAGO — A federal judge in Illinois should deny a motion for reconsideration or interlocutory appeal in a securities class action against 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 because the defendants have failed to meet their burden of showing that such “extraordinary relief” is warranted, the lead plaintiff in the action argues in a Dec. 17 opposition brief filed in Illinois federal court....