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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Walmart Inc. (NYSE: WMT) from March 30, 2016 through December 22, 2020 (the “Class Period”). The lawsuit seeks to recover damages for Walmart Inc. investors under the federal securities laws.
If you bought Walmart Inc. securities between March 30, 2016 through December 22, 2020, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Walmart Inc. – WMT
New York, N.Y., January 27, 2021. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Walmart Inc. (NYSE: WMT) between March 30, 2016 and December 22, 2020, inclusive (the “Class Period”).
To join the WMT class action, go to http://zhanginvestorlaw.com/cases/walmart-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.
According to the lawsuit, throughout the Class Period (1) the Company knowingly filled prescriptions that were issued by so-called “pill-mill” prescribers; (2) the Company filled thousands of prescriptions that showed obvious red flags, including highly-dangerous cocktails of drugs, (3) the Company’s managers made it difficult for Walmart pharmacists to comply with their legal obligations by pressuring them to fulfill as many orders as possible; (4) hence, the Company’s pharmacy revenues were inflated because the Company filled thousands of invalid prescriptions in violation of the Controlled Substance Act dispensing requirements; (5) the aforementioned conduct would subject the Company to regulatory scrutiny; and 6) as a result, Defendants’ statements about Walmart’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 22, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/walmart-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.