-

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Rite Aid Corporation (RAD) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Rite Aid Corporation (“Rite Aid” or the “Company”) (NYSE: RAD) investors concerning the Company’s possible violations of federal securities laws.

On September 29, 2022, Rite Aid announced a $252.2 million charge for the impairment of goodwill related to the Company’s pharmacy benefit management (“PBM”) subsidiary, Elixir. The Company’s CFO further disclosed that the charge was related to “an update to [its] estimate of [new members] for 2023 based on the latest selling season,” and that Rite Aid expected Elixir’s number of new members to decrease.

On this news, Rite Aid’s stock price fell $1.97, or 28%, to close at $5.06 per share on September 29, 2022.

If you purchased Rite Aid securities, have information or would like to learn more about these claims, or 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 howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Industry:

Law Offices of Howard G. Smith

NYSE:RAD
Release Versions
English

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

More News From Law Offices of Howard G. Smith

Law Offices of Howard G. Smith Encourages Wildermuth Fund (WESFX, WEFCX, WEIFX) Shareholders to Inquire About Securities Fraud Class Action

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Wildermuth Fund (“Wildermuth” or the “Fund”) (NASDAQ: WESFX, WEFCX, WEIFX) Class A (WESFX), Class C (WEFCX), and/or Class I (WEIFX) shares between November 1, 2020 through June 29, 2023, inclusive (the “Class Period”). Wildermuth investors have until December 29, 2025 to file a lead plaintiff motion. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS I...

Law Offices of Howard G. Smith Encourages SLM Corporation (SLM) Shareholders To Inquire About Securities Fraud Class Action

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased SLM Corporation a/k/a Sallie Mae (“SLM” or the “Company”) (NASDAQ: SLM) securities between July 25, 2025 and August 14, 2025, inclusive (the “Class Period”). SLM investors have until February 17, 2026 to file a lead plaintiff motion. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN SLM CORPORATION (SLM), CONTACT THE LAW OFFICES OF HOWARD G. SMITH...

Deadline Approaching: F5, Inc. (FFIV) Shareholders Who Lost Money Urged to Contact Law Offices of Howard G. Smith

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming February 17, 2026 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased F5, Inc. (“F5” or the “Company”) (NASDAQ: FFIV) securities between October 28, 2024 and October 27, 2025, inclusive (the “Class Period”). IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN F5, INC. (FFIV), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRA...
Back to Newsroom