EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Walmart Inc. – WMT

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Walmart Inc. (NYSE: WMT) resulting from allegations that Walmart may have issued materially misleading business information to the investing public.

On December 22, 2020, the DOJ announced that it had filed a lawsuit against Walmart for its role in the opioid epidemic. According to the DOJ, Walmart “fill[ed] thousands of invalid prescriptions at its pharmacies and fail[ed] to report suspicious orders of opioids and other drugs placed by those pharmacies.” The suit alleges that managers pressured pharmacists to fulfill orders quickly, as the Company believed this service attracted shoppers and kept them in stores, and that Walmart did little to help pharmacists who raised red flags.

On this news, Walmart’s stock price fell $1.77 per share, or 1.2%, to close at $144.20 per share on December 22, 2020.

Rosen Law Firm is preparing a securities lawsuit on behalf of Walmart shareholders. If you purchased securities of Walmart please visit the firm’s website at http://www.rosenlegal.com/cases-register-2014.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at mailto:[e-mail] or [e-mail].

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

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