BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Walgreens Boots Alliance, Inc. (“Walgreens” or the “Company”) (NASDAQ:WBA) concerning possible violations of federal securities laws. The investigation is focused on the Company’s financial performance. Walgreens, together with its subsidiaries, operates a network of drugstores in the United States.
On August 4, 2014, Walgreens announced the replacement of its chief financial officer, effective immediately. Two days later, on August 6, 2014, the Company announced that it was lowering its fiscal year 2016 EBIT forecast to $7.2 billion – below the range the Company had previously stated. Specifically, the new forecast was $1.8 billion below the low-end of the previously forecast range and $2.3 billion below the high-end of that range. Following this news, Walgreens shares declined $9.77 per share, or more than 21%, to close at $58.34 per share on August 6, 2014, on unusually heavy volume.
If you purchased Walgreens securities, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.