A lawsuit was filed by an investor in Walmart Inc. (NYSE:WMT) shares over alleged breaches of fiduciary duty by certain officers and directors.
San Diego, CA -- (SBWIRE) -- 10/13/2021 -- The Shareholders Foundation announced that three institutional investors holding shares of Walmart Inc. (NYSE: WMT) filed a lawsuit over alleged breaches of fiduciary duties by certain directors of Walmart Inc.
Investors who are current long term investors in Walmart Inc. (NYSE: WMT) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858)779-1554.
The lawsuit against certain officers and directors of Walmart Inc. (NYSE: WMT) comes after a lawsuit was filed in January 2021 against Walmart Inc. over alleged securities laws violations. The plaintiff in that lawsuit alleged that the defendants made false and/or misleading statements and/or failed to disclose that the Company knowingly filled prescriptions that were issued by so-called "pill-mill" prescribers, that the Company filled thousands of prescriptions that showed obvious red flags, including highly-dangerous cocktails of drugs, that 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, that 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, that the aforementioned conduct would subject the Company to regulatory scrutiny, and that 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.
Those who purchased shares of Walmart Inc. (NYSE: WMT) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.