NEW YORK,
May 10,
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=39122&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=39122&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
a 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