Key TakeawaysThe S&P 500 added 0.9% on Tuesday, Jan. 21, the first day of trading following President Donald Trump's return to the White House.Oracle stock surged following reports that the software giant would participate in a massive joint venture to build out AI infrastructure in the U.S.Walgreens shares plunged as the Justice Department filed a lawsuit claiming the pharmacy chain had dispensed prescriptions with no legitimate medical basis. Major U.S. equities indexes advanced as the markets kicked off ...

Key TakeawaysWalgreens Boots Alliance shares tumbled Tuesday after Department of Justice allegations that its pharmacies dispensed prescriptions with no legitimate medical reasoning.The DOJ filed a lawsuit late last week accusing the pharmacy of handing out "millions of unlawful prescriptions" for dangerous opioids, among other drugs.Walgreens said the government is trying to put its pharmacists in a "no-win situation." Walgreens Boots Alliance (WBA) shares sank Tuesday, the first day of trading since the D ...

Shares of Walgreens Boots Alliance (WBA -13.61%) pulled back today after the company again ran into trouble with regulators.On Friday, the Department of Justice (DOJ) filed a lawsuit against Walgreens, alleging that it dispensed "millions of unlawful prescriptions."As of 10:26 a.m. ET, the stock was down 12.7% on the news. Walgreens gets another red flagWalgreens already made a multibillion-dollar settlement over opioid prescriptions two years ago. It agreed to pay $5.7 billion over 15 years, and now it cou ...

Last week, the U.S. Department of Justice filed a civil complaint against Walgreens Boots Alliance Inc WBA and its subsidiaries, alleging widespread violations of the Controlled Substances Act (CSA) and False Claims Act (FCA).In a statement, Walgreens said, “We are asking the court to clarify the responsibilities of pharmacies and pharmacists and to protect against the government’s attempt to enforce arbitrary “rules” that do not appear in any law or regulation and never went through any official rulemaking ...

Core Viewpoint - The law firm Bronstein, Gewirtz & Grossman, LLC has announced an investigation into Walgreens Boots Alliance, Inc. (WBA) and is encouraging stockholders to learn more about the investigation [1] Group 1 - The investigation is focused on potential violations of federal securities laws by Walgreens Boots Alliance, Inc. [1] - Stockholders are urged to contact the law firm for more information regarding the investigation [1] - The announcement indicates that the investigation may relate to the company's financial disclosures and business practices [1]

Bronstein, Gewirtz & Grossman, LLC Encourages Walgreens Boots Alliance, Inc. (WBA) Investors to Inquire about Securities Investigation ...

ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Walgreens Boots Alliance, Inc. Investors to Inquire About Securities Class Action Investigation - WBA ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Lawsuit Against Walgreens - The Department of Justice (DOJ) has filed a lawsuit against Walgreens, alleging the company dispensed millions of unlawful prescriptions from August 2012 to the present [1] - The DOJ claims Walgreens knowingly filled prescriptions that lacked legitimate medical purpose, were invalid, or not issued in the usual course of professional practice [1] - The lawsuit aims to hold Walgreens accountable for failing to meet its obligations in dispensing dangerous opioids and other drugs [1] Allegations of Unlawful Practices - Walgreens pharmacists allegedly filled millions of prescriptions with clear red flags indicating they were highly likely to be unlawful [2] - The company systematically pressured pharmacists to fill prescriptions, including controlled substances, without confirming their validity [2] - These practices allegedly allowed millions of opioid pills and other controlled substances to flow illegally out of Walgreens stores [2] Consequences of Alleged Actions - Some Walgreens patients reportedly died of overdoses shortly after receiving invalid prescriptions filled at Walgreens [2] Legal Proceedings - The 300-page lawsuit was filed in the U.S. District Court in Chicago [3]

To say that pharmacy retailer Walgreens Boots Alliance (WBA 3.19%) has been struggling would be a massive understatement. It's coming off a horrendous year in 2024, when its share price crashed by 64%. The stock has been trading around levels it hasn't been at in decades as investors are concerned about the company's future.However, contrarian investors may hope that this can be a good turnaround play. That assumes that Walgreens can drastically cut costs and improve its financials as it focuses on profitab ...