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Lawsuit alleges Walgreens withheld data on merger from shareholders

Shaun Zinck Apr. 22, 2015, 1:46am

A lawsuit against drugstore chain Walgreens alleges it withheld information from shareholders about a proposed merger. The Washtenaw County Employees' Retirement System in Michigan filed the lawsuit against Walgreens on April 10, alleging the company also made overstatements about its business that led to an artificially inflated stock price.