ATLANTA, GA – – (ACCESSWIRE – October 20, 2022) – – Holzer & Holzer, LLC informs investors that a class action lawsuit was filed against Rite Aid Corporation (“Rite Aid” or the “Company”) (NYSE: RAD). The lawsuit alleges Rite Aid made materially false and misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and compliance policies including: (i) despite representations to the contrary the number of new members (i.e., “lives”) that the Elixir pharmacy benefit management (“PBM”) services business was adding during the selling season ending on January 1, 2023 was in material decline; (ii) therefore, Rite Aid was likely to recognize a significant charge for the impairment of goodwill related to Elixir due to a decrease in “lives” covered by Elixir’s PBM services business.
If you bought shares of Rite Aid between April 14, 2022 and September 28, 2022, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at firstname.lastname@example.org or Joshua Karr, Esq. at email@example.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at https://holzerlaw.com/case/rite-aid/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is December 19, 2022.
Lead Plaintiff Deadline Has Passed
December 19, 2022