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10 Jan 2024, 6:32 am by Unknown
After the offering, BrightSpring will be controlled by KKR affiliate KKR Phoenix Aggregator and Walgreen, a subsidiary of Walgreens Boots Alliance. [read post]
4 Oct 2023, 6:31 am by Dan Bressler
Walgreens Fight Against its Former Firm Crowell Gets Early Win” — “Walgreens Boots Alliance Inc. earned a victory with an appeals court advancing its claim that a health insurer improperly helped the retailer’s former law firm, Crowell & Moring, break its fiduciary duty. [read post]
31 May 2023, 6:42 am by Dan Bressler
Walgreens fights ‘staggering’ $642 mln arbitration award to Humana” — “National retail pharmacy giant Walgreen Co has asked a U.S. judge to vacate an arbitrator’s award of more than $642 million to Humana Health Plan Inc in a drug-pricing dispute, calling the ‘staggering’ sum the result of a ‘miscarriage of justice.'” “Deerfield, Illinois-based Walgreens, a subsidiary of Walgreens… [read post]
4 May 2023, 9:05 pm by renholding
It is a common refrain, mostly on the political right, that considering environmental, social, and governance (“ESG”) factors when investing is probably illegal.[1] The basis for this argument derives from the fiduciary duty of loyalty and its corollary, the “sole interest” or “exclusive benefit” rule, enshrined in both federal and state law, which prohibits fiduciaries from investing for any purpose other than the financial well-being of the beneficiary. [read post]
9 Jan 2023, 9:01 pm by renholding
(now known as Walgreens Boots Alliance Inc.) and investors reached a $105 million settlement for alleged fraudulent conduct in 2014. [read post]
5 Jan 2023, 2:22 pm by Kevin LaCroix
Jeff LubitzJarett SenaIn the following guest post, Jeff Lubitz, Managing Director, ISS Securities Class Action Services, and Jarett Sena, Director of Litigation Analysis, ISS Securities Class Action Services, take a detailed look at the largest securities class action settlements of 2022, and in particular at the largest 10 U.S. securities class action settlements during the year as well as the largest non-U.S. settlements. [read post]
 (Walgreens), a subsidiary of its parent company Walgreens Boots Alliance, Inc., Wednesday, announced that each company reached a preliminary settlement deal totaling approximately $10 billion in order to end thousands of lawsuits related to ongoing opioid-related litigation. [read post]
Walgreens is currently facing a similar lawsuit in San Francisco while its parent company, Walgreens Boots Alliance Inc, recently reached a settlement in Florida where it was also accused of contributing to their opioid crisis. [read post]
3 Aug 2022, 1:45 pm by jeffreynewmanadmin
Walgreens Boots Alliance is opening hundreds of doctor offices in partnership with VillageMD and became the majority owner of the company. [read post]
9 May 2022, 8:09 am by Dan Bressler
“Crowell loses bid to question ex-Walgreens top lawyer in conflicts case” — “Crowell & Moring has lost a bid to question the former top lawyer at Walgreens Boots Alliance Inc, as the law firm tries to fend off a conflict-of-interest lawsuit brought by the national pharmacy retailer. [read post]
2 Mar 2022, 10:39 am by Race to the Bottom
 Holmes’ ideas skyrocketed to fame, drawing in many large investors, like Oracle founder, Larry Ellison; venture capital firm, Draper Fisher Jurvetson; media mogul, Rupert Murdoch; Walgreens Boots Alliance, Inc. [read post]
1 Feb 2022, 4:47 am by Jaclyn M. Metzinger and Emily Clark
Walgreens Boots Alliance, Inc., et al., the Northern District of California dismissed another pink tax putative class action, albeit on different grounds. [read post]
14 Nov 2021, 9:13 pm by Race to the Bottom
After crafting partnerships with healthcare and consumer giants Walgreens Boots Alliance and Safeway, Inc., Theranos’ valuation skyrocketed to a peak of approximately $10 billion. [read post]
16 Aug 2021, 6:32 am by Robert Kraft
” Excluded from the settlement “are pharmacy operators including Walgreens Boots Alliance, Walmart Inc, Rite Aid Corp and CVS Health Corp, which have been accused of ignoring red flags that opioid drugs were being diverted into illegal channels. [read post]
10 Aug 2021, 6:20 am by Robert Kraft
” Additionally, “Pharmacy operators Walgreens Boots Alliance Inc, CVS Health Corp, Rite Aid Corp, and Walmart Inc agreed to settle with the counties for a combined $26 million. [read post]
1 Jun 2021, 3:41 pm by Sabrina I. Pacifici
Walgreens Boots Alliance and Thasunda Brown Duckett of No. 79 TIAA) —and another executive is making history at the helm of the highest-ranking business ever run by a female CEO (Karen Lynch of No. 4 CVS Health). [read post]
6 Apr 2021, 1:24 pm by Race to the Bottom
On March 15, 2021, Roz Brewer will take over as Chief Executive Officer (“CEO”) of Walgreens Boots Alliance (“WBA”), the parent company of the pharmacy chain Walgreens. [read post]
1 Apr 2021, 8:44 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Retail Groups Seek to Protect Merchants in Ongoing Swipe Fee LitigationChain Store Age – March 31, 2021 The nation’s two largest retail trade are objecting to the scope of proposed class-action swipe fee litigation. [read post]
1 Apr 2021, 6:31 am
As of March 26 in the 2021 proxy season, 3.5% of the Russell 3000 companies had had a “no” vote in “say-on-pay” resolutions, a jump from last year’s rate of 1.4%. [1] Say on Pay failures are even higher to date among the larger S&P 500 companies including Starbucks, Walgreens Boots Alliance, and Acuity Brands. [read post]