RAD ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of May 19, 2023 in the Class Action Filed on Behalf of Rite Aid Corporation Shareholders

NEW YORK, May 16, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Rite Aid Corporation (NYSE: RAD) alleging that the Company violated federal securities laws.

Class Period: April 26, 2018 to March 13, 2023
Lead Plaintiff Deadline: May 19, 2023
No obligation or cost to you.

Learn more about your recoverable losses in RAD:
https://www.kleinstocklaw.com/pslra-1/rite-aid-lawsuit-loss-submission-form?id=39397&from=4

Rite Aid Corporation NEWS - RAD NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that Rite Aid Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) until at least June 2019, Rite Aid filled at least hundreds of thousands of unlawful prescriptions for controlled substances that lacked a legitimate medical purpose, including for potentially lethal opioids such as oxycodone and fentanyl; (2) Rite Aid pharmacists filled these prescriptions despite clear "red flags" that indicated that the prescriptions were unlawful; (3) Rite Aid ignored evidence that its stores were dispensing unlawful prescriptions, and intentionally deleted internal notes about suspicious prescribers written by concerned pharmacists; (4) by knowingly filling unlawful prescriptions for controlled substances, Rite Aid violated the Controlled Substances Act and, where Rite Aid sought reimbursement from federal healthcare programs, also violated the False Claims Act; (5) as a result, it was at risk of prosecution by federal authorities such as the United States Department of Justice; and (6) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Rite Aid you have until May 19, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Rite Aid securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the RAD lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/rite-aid-lawsuit-loss-submission-form?id=39397&from=4.

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
[email protected]
Telephone: (212) 616-4899
www.kleinstocklaw.com

SOURCE The Klein Law Firm

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