LOS ANGELES, CA / ACCESSWIRE / May 4, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Rite Aid Corporation ("Rite Aid" or "the Company") (NYSE:RAD) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between April 26, 2018 and March 13, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before May 19, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Rite Aid filled hundreds of thousands of illegal prescriptions for controlled substances such as opioids up until June 2019. The Company's pharmacists filled prescriptions despite "red flags" indicating they were likely unlawful. The Company ignored evidence of these prescriptions and deleted internal notes expressing concern about suspicious prescribers. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Rite Aid, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
[email protected]
SOURCE: The Schall Law Firm