NEW YORK, Dec. 16, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that a class action lawsuit has been filed against Rite Aid Corporation (“Rite Aid” or the “Company”) WHEEL in the United States District Court of Eastern Pennsylvania on behalf of all individuals and entities that purchased or otherwise acquired Rite Aid securities between April 14, 2022 and September 28, 2022, both dates inclusive (the “Collection Period”). Investors have until December 19, 2022 to petition the court to appoint a lead plaintiff in the lawsuit.

click here to take part in the action.

On September 29, 2022, Rite Aid announced a $252.2 million charge for the impairment of goodwill related to the company’s Elixir subsidiary. On a conference call later in the day on the results, Rite Aid Chief Financial Officer Matt Schroeder explained that the large impairment was triggered by a change in Rite Aid’s estimate of Elixir Covered Lives for 2023 based on the last selling season.

As a result of this news, Rite Aid’s stock price fell $1.97 per share, or 28.02%, to close at $5.06 per share on September 29, 2022.

If you have purchased or otherwise acquired Rite Aid stock and have suffered a loss, are a long-term shareholder, have information, would like to learn more about these claims, or have any questions about this announcement or your rights or interests related to these matters, contact us Please email Brandon Walker or Melissa Fortunato at investigations@bespc.comPhone at (212) 355-4648 or via fill out this contact form. There are no costs or obligations for you.

About Bragar Eagle & Squire, PC:

Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. For more informations…