The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys’ Fees and Litigation Expenses (“Settlement Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Settlement Notice for additional details.
Please be advised that Court-appoint Class Representative Industriens Pensionsforsikring A/S, on behalf of itself and the Class, and Walgreen Co. (“Walgreens”), Gregory D. Wasson, and Wade D. Miquelon (collectively, “Defendants”) have reached a proposed settlement of the Action for $105,000,000 in cash (“Settlement”). The Settlement is subject to approval by the Court.
The Class consists of:
All persons and entities who purchased or otherwise acquired Walgreens common stock between April 17, 2014 and August 5, 2014, inclusive, and were damaged thereby.
Excluded from the Class are: (i) any Defendant in the Action; (ii) the officers and directors of Walgreens; (iii) members of the immediate families of the individual Defendants in the Action; (iv) any entity in which any Defendants has or had a controlling interest; and (v) the legal representative, heirs, successors, or assigns of any such excluded party. Also excluded from the Class are the persons and entities that submitted a request for exclusion in connection with Class Notice, as set forth on Appendix 1 to the Stipulation.
If you are a member of the Class, your legal rights will be affected whether you act or do not act. Please read the Settlement Notice to fully understand your rights and options.
If you are a member of the Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form (with the required supporting documentation) postmarked (if mailed), or online via this website, no later than November 5, 2022.
Payments to eligible claimants will be made only after approval of the Settlement and the completion of all claims processing. Please be patient, as this process will take some time to complete.
Please read the Settlement Notice carefully. If you have questions, you may call the Walgreens Securities Litigation Help Line at 1-866-963-9976 or email info@WalgreensSecuritiesLitigation.com.
| YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT:
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| SUBMIT A CLAIM FORM POSTMARKED (IF MAILED), OR ONLINE, NO LATER THAN NOVEMBER 5, 2022. |
This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Class Member, you will be bound by the Settlement as approved by the Court and you will give up any Released Class Representative’s Claims (defined in ¶ 37 of the Settlement Notice) that you have against Defendants and the other Defendants’ Releasees (defined in ¶ 38 of the Settlement Notice), so it is in your interest to submit a Claim Form.
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| OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 16, 2022. |
If you do not like the proposed Settlement, the proposed Plan of Allocation, and/or the requested attorneys’ fees and Litigation Expenses, you may object by writing to the Court (as described in ¶¶ 58-59 of the Settlement Notice). In order to object, you must be a member of the Class.
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| GO TO A HEARING ON OCTOBER 7, 2022, AT 10:30 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 16, 2022. |
If you have filed a written objection and wish to appear at the hearing, you must also file a notice of intention to appear by September 16, 2022, which allows you to speak in Court, at the discretion of the Court, about the fairness of the Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing.
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| DO NOTHING. |
If you are a member of the Class and you do not submit a valid Claim, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Class, which means that you give up any right you may have to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action. If you have not excluded yourself in connection with Class Notice, you may not do so now as the Court has found that a second exclusion opportunity is unnecessary in light of the broad notice campaign conducted in connection with Class Notice, as well as the fact that the statute of repose has since run, thereby prohibiting anyone who currently desires to exclude themselves from bringing their own claims at this time. |