NEW
YORK, Oct. 26, 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=33002&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=33002&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