SAN DIEGO, April 10, 2023 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. announces that the lawsuit filed on behalf of certain investors in Rite Aid Corporation is approaching a deadline WHEEL shares.

Investors who have suffered losses over $250,000 on Rite Aid Corporation shares WHEEL have certain options and short and strict deadlines. Deadline: May 19, 2023. NYSE:RAD investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779-1554.

On March 20, 2023, a lawsuit was filed against Rite Aid Corporation alleging violations of securities laws. Plaintiff alleges that the defendants, among other things, provided false and/or misleading information and/or failed to disclose that, as of at least June 2019, Rite Aid filled at least hundreds of thousands of illegal controlled substance prescriptions that lacked a legitimate drug purpose, including for potentially deadly opioids like oxycodone and fentanyl, that Rite Aid pharmacists filled these prescriptions despite clear “red flags” indicating the prescriptions were illegal, that Rite Aid ignored evidence that its stores were dispensing illegal prescriptions, and intentionally deleted Internal notes were received from concerned pharmacists about suspected prescribers that Rite Aid violated the Controlled Substances Act by knowingly dispensing illegal prescriptions for controlled substances and, where Rite Aid has sought reimbursement from federal health programs, also violated the False Claims Act , as a result of which he faced criminal prosecution by federal agencies such as the United States Department of Justice (“DOJ”).

Those who bought Rite Aid Corporation WHEEL Shares please contact the Shareholders Foundation, Inc.

CONTACT:
Shareholder Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Episode 423
San Diego, CA 92108

The Shareholder Foundation…