Walgreens Boots Alliance (WBA, Financial) has announced that on November 25, 2024, the court granted preliminary approval for a settlement in the shareholder derivative litigation case, Clem v. Skinner et al. This development follows a motion filed on July 10, 2024, by the plaintiff seeking preliminary approval of the settlement.
The court's preliminary approval marks a significant step towards resolving the litigation, which has been ongoing since its filing. As part of the approval process, Walgreens Boots Alliance has attached the Stipulation and Agreement of Settlement, dated July 9, 2024, and the Notice of Pendency and Proposed Settlement of Shareholder Derivative Action, both of which were preliminarily approved by the court.
This settlement aims to address the concerns raised in the litigation and represents a move towards concluding the legal proceedings. Walgreens Boots Alliance continues to focus on its strategic objectives while ensuring compliance with legal and regulatory standards.
For more detailed insights and updates on Walgreens Boots Alliance's legal proceedings and strategic developments, visit GuruFocus.com.
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