NEW YORK, April 28, 2023 (GLOBE NEWSWIRE) --
Rite Aid Corp (NYSE: RAD)
Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties. Specifically, the investigation relates to the allegations in a complaint that asserts the Company failed to disclose that: (i) 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; (ii) Rite Aid pharmacists filled these prescriptions despite clear “red flags” that indicated that the prescriptions were unlawful; (iii) Rite Aid ignored evidence that its stores were dispensing unlawful prescriptions, and intentionally deleted internal notes about suspicious prescribers written by concerned pharmacists; (iv) 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; (v) as a result, it was at risk of prosecution by federal authorities such as the United States Department of Justice and (vi) 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.
If you are a Rite Aid investor, and would like additional information about our...
Washington, April 27 (IANS) Prominent television hosts and journalists have pushed back against online claims that the White House Correspondents’ Dinner shooting was staged. They have called such...