NEW
YORK, May 3, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Rite Aid
Corporation.
Shareholders who purchased shares of RAD during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/rite-aid-corporation-loss-submission-form-2/?id=38651&from=4
CLASS PERIOD: April 26,
2018 to March 13, 2023
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (1) until at least
June 2019, Rite Aid filled at least
hundreds of thousands of unlawful prescriptions for controlled
substances that lacked a legitimate medical purpose, including for
potentially lethal opioids such as oxycodone and fentanyl; (2) Rite
Aid pharmacists filled these prescriptions despite clear "red
flags" that indicated that the prescriptions were unlawful; (3)
Rite Aid ignored evidence that its stores were dispensing unlawful
prescriptions, and intentionally deleted internal notes about
suspicious prescribers written by concerned pharmacists; (4) by
knowingly filling unlawful prescriptions for controlled substances,
Rite Aid violated the Controlled Substances Act and, where Rite Aid
sought reimbursement from federal healthcare programs, also
violated the False Claims Act; (5) as a result, it was at risk of
prosecution by federal authorities such as the United States
Department of Justice; and (6) as a result, defendants' statements
about its business, operations, and prospects, were materially
false and misleading and/or lacked a reasonable basis at all
times.
DEADLINE: May 19, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/rite-aid-corporation-loss-submission-form-2/?id=38651&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of RAD during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is May 19, 2023. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm