NEW YORK,
Nov. 30,
2022 /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/?id=34111&from=4
CLASS PERIOD: April
14, 2022 to September 28,
2022
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (i) despite
representations to the contrary, the number of new members that the
Elixir pharmacy benefit management services business was adding
during the selling season ending on January
1, 2023 was in material decline; (ii) 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
pharmacy benefit management services business; and (iii) as a
result, the Company's public statements were materially false and
misleading at all relevant times.
DEADLINE: December 19,
2022 Shareholders should not delay in registering for
this class action. Register your information here:
https://securitiesclasslaw.com/securities/rite-aid-corporation-loss-submission-form/?id=34111&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 December 19, 2022. There
is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is
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