{"id":749706,"date":"2023-04-20T13:44:24","date_gmt":"2023-04-20T17:44:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\/"},"modified":"2023-04-20T13:44:24","modified_gmt":"2023-04-20T17:44:24","slug":"shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\/","title":{"rendered":"SHAREHOLDER ALERT: The Gross Law Firm Reminds Shareholders of Rite Aid Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 19, 2023 \u2013 (NYSE: RAD)"},"content":{"rendered":"<div class=\"mw_release\">\n<p \/>\n<p align=\"left\">NEW YORK, April  20, 2023  (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of <strong>Rite Aid Corporation.<\/strong><\/p>\n<p>Shareholders who purchased shares of RAD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.<\/p>\n<p align=\"center\">CONTACT US HERE:<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=t3mVj-Y8YNStp41Vu4e_9bbzgubhxjpP-yR8TwW5qO3gXBdOYbKWq8P3K4jI8feQgyDTKZj2j3NfVHN1LgPvyHAkAP3UEXDrx5cgLC8p990WEqIxr8j2W9VcYdbO7RBGg70ye1Gy-lqrjWkNFFbw5IpaH7_yjNK3RC2WnYhRtZFXemjyTqW4FgsWupCK3w5KqpBalNWBDm-7eYbOqVc8koFsvX97QX1uX8SPty_W_5EJ24wTXHJdvmkahZg2A7CRlINVyBiQnT96C09-8bVe9A==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/rite-aid-corporation-loss-submission-form-2\/?from=3<\/a>\n      <\/p>\n<p>\n        <strong>CLASS PERIOD: <\/strong>April 26, 2018 to March 13, 2023<\/p>\n<p>\n        <strong>ALLEGATIONS: <\/strong>The complaint alleges that during the class period, Defendants issued 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 \u201cred flags\u201d 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\u2019 statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all times.<\/p>\n<p>\n        <strong>DEADLINE: May 19, 2023<\/strong> Shareholders should not delay in registering for this class action. Register your information here: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=t3mVj-Y8YNStp41Vu4e_9bbzgubhxjpP-yR8TwW5qO3gXBdOYbKWq8P3K4jI8feQgyDTKZj2j3NfVHN1LgPvyHAkAP3UEXDrx5cgLC8p990WEqIxr8j2W9VcYdbO7RBG5aptdQ_5B9lGLsXS9P636YEUY0CG4WT2EqZTn01MelsZk84CY_KbJ4Gli3IjvPzQPPDs6MgkbVgRov6TfIQnWof1Pw-0rdXGZTwaySaNpx_GqUM-cHQVd0EyNzwMRqFoXkgqAMIpM1UpyKLkC2UrFA==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/rite-aid-corporation-loss-submission-form-2\/?from=3<\/a><\/p>\n<p>\n        <strong>NEXT STEPS FOR SHAREHOLDERS: <\/strong>Once you register as a shareholder who purchased shares of RAD during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 19, 2023. There is no cost or obligation to you to participate in this case.<\/p>\n<p>\n        <strong>WHY GROSS LAW FIRM? <\/strong>The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and\/or misleading statements or the omission of material information by a company lead to artificial inflation of the company&#8217;s stock. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>The Gross Law Firm<br \/>15 West 38th Street, 12th floor<br \/>New York, NY, 10018<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IrETYRXpVAugWuwLu2TxeyYerNMm54GlQtQD0hrWudYMI_s86vRvVzxT1-wo6t5ExG69cdFQBbS-bbggKxQOhW601zNd3QYlMuaAb21ShBg=\" rel=\"nofollow noopener\" target=\"_blank\">dg@securitiesclasslaw.com<br \/><\/a>Phone: (646) 453-8903<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMTY4MCM1NTM2NjYzIzIyNTg5MTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/N2QzOWQ2ZjQtMTI2YS00YzdmLTk2NWMtZjJlNTY5ZTU1OGY4LTEyNzA0Njc=\/tiny\/The-Gross-Law-Firm.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, April 20, 2023 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Rite Aid Corporation. Shareholders who purchased shares of RAD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/rite-aid-corporation-loss-submission-form-2\/?from=3 CLASS PERIOD: April 26, 2018 to March 13, 2023 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: The Gross Law Firm Reminds Shareholders of Rite Aid Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 19, 2023 \u2013 (NYSE: RAD)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-749706","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: The Gross Law Firm Reminds Shareholders of Rite Aid Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 19, 2023 \u2013 (NYSE: RAD) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: The Gross Law Firm Reminds Shareholders of Rite Aid Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 19, 2023 \u2013 (NYSE: RAD) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, April 20, 2023 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Rite Aid Corporation. Shareholders who purchased shares of RAD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/rite-aid-corporation-loss-submission-form-2\/?from=3 CLASS PERIOD: April 26, 2018 to March 13, 2023 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued 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 &hellip; Continue reading &quot;SHAREHOLDER ALERT: The Gross Law Firm Reminds Shareholders of Rite Aid Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 19, 2023 \u2013 (NYSE: RAD)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-20T17:44:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMTY4MCM1NTM2NjYzIzIyNTg5MTc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: The Gross Law Firm Reminds Shareholders of Rite Aid Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 19, 2023 \u2013 (NYSE: RAD)\",\"datePublished\":\"2023-04-20T17:44:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\\\/\"},\"wordCount\":476,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgxMTY4MCM1NTM2NjYzIzIyNTg5MTc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\\\/\",\"name\":\"SHAREHOLDER ALERT: The Gross Law Firm Reminds Shareholders of Rite Aid Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 19, 2023 \u2013 (NYSE: RAD) - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\/","og_locale":"en_US","og_type":"article","og_title":"SHAREHOLDER ALERT: The Gross Law Firm Reminds Shareholders of Rite Aid Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 19, 2023 \u2013 (NYSE: RAD) - Market Newsdesk","og_description":"NEW YORK, April 20, 2023 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Rite Aid Corporation. Shareholders who purchased shares of RAD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/rite-aid-corporation-loss-submission-form-2\/?from=3 CLASS PERIOD: April 26, 2018 to March 13, 2023 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued 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 &hellip; Continue reading \"SHAREHOLDER ALERT: The Gross Law Firm Reminds Shareholders of Rite Aid Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 19, 2023 \u2013 (NYSE: RAD)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\/","og_site_name":"Market Newsdesk","article_published_time":"2023-04-20T17:44:24+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMTY4MCM1NTM2NjYzIzIyNTg5MTc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: The Gross Law Firm Reminds Shareholders of Rite Aid Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 19, 2023 \u2013 (NYSE: RAD)","datePublished":"2023-04-20T17:44:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\/"},"wordCount":476,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMTY4MCM1NTM2NjYzIzIyNTg5MTc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-reminds-shareholders-of-rite-aid-corporation-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-may-19-2023-nyse-rad\/","name":"SHAREHOLDER ALERT: The Gross Law Firm Reminds Shareholders of Rite Aid Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of May 19, 2023 \u2013 (NYSE: RAD) - 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