Former Walgreen CFO’s Statements Not Actionable, Judge Rules On Reconsideration

Mealey's (March 4, 2022, 1:27 PM EST) -- CHICAGO — A federal judge in Illinois on March 2 ruled on reconsideration that May 2014 statements made by retail pharmacy chain Walgreen Co.’s chief financial officer (CFO) about the company’s fiscal year 2016 earnings before interest and taxes (EBIT) are protected by the Private Securities Litigation Reform Act’s (PSLRA) safe harbor provision and are thus not actionable....