Tue Sep 10 17:23:00 UTC 2024: ## Walgreens Boots Alliance Faces Class Action Lawsuit Over Financial Misconduct

**NEW YORK, Sept. 10, 2024** – The Gross Law Firm has announced a class action lawsuit against Walgreens Boots Alliance, Inc. (WBA) on behalf of shareholders who purchased shares between October 12, 2023, and June 26, 2024. The lawsuit alleges that WBA misled investors about the company’s financial performance, specifically its U.S. Retail Pharmacy business, leading to a significant stock price drop.

The lawsuit stems from a June 27, 2024, announcement by WBA regarding its 3Q24 financial results. The company lowered its revenue guidance for the fourth quarter and full fiscal year 2024, citing “significant challenges in the U.S. Retail Pharmacy business stemming from a worse-than-expected consumer environment and challenging pharmacy industry trends.” Following the announcement, WBA’s stock plummeted over 20%.

The Gross Law Firm claims that WBA’s statements about its financial health were misleading, and that the company concealed the true extent of its challenges. The firm encourages shareholders who purchased WBA stock during the specified class period to register for the class action by September 10, 2024.

“We believe that WBA failed to disclose material information about its business performance, which led to investors making uninformed decisions,” said a spokesperson for The Gross Law Firm. “We are committed to ensuring that companies are held accountable for their actions and that investors are protected from fraudulent practices.”

The Gross Law Firm is a nationally recognized class action law firm with a focus on investor rights. Shareholders who believe they have suffered losses due to WBA’s alleged misconduct can learn more about the lawsuit and their potential participation at [website address].

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