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Walgreen Co WAG 401(k) / ERISA Lawsuit


Walgreen Co has been accused of securities fraud. If you are a current or former employee or are a member of any of Walgreen Co investment plans or profit sharing retirement plans you may be included in this possible Walgreen Co 401(k) or Employee Retirement Income Security Act (ERISA) class action. If you purchased or held Walgreen Co stock in one of those plans during the periods Mar-25-14 to Aug-5-14, you may have a claim.

Under ERISA, Walgreen Co employees can file a lawsuit against the company for putting stock options at risk. Walgreen Co employees have a claim if they can prove their employer violated its fiduciary duty to its employees. Fiduciary duty refers to a company's responsibility to the people who invest in it. If an employer puts the company's interest ahead of the investors', it has broken its fiduciary duty. A fiduciary is a person that exercises discretion over the management of plan assets or exercises discretionary control over the administration of the plan.

ERISA is a federal law that sets minimum standards for pension and health plans set up by private businesses. ERISA was designed to protect people who participate in employee benefit plans, including employees with stock options in a company. Stock options are a form of compensation in which employees are given the opportunity to purchase shares of the company stock at a certain price.

Walgreen Co 401(k) / ERISA Legal Help

If you have suffered from Walgreen Co 401(k) plan losses, you may qualify for damages or remedies that may be awarded in a possible Walgreen Co ERISA class action lawsuit. Please click the link below to submit your complaint and we will have a lawyer review your ERISA complaint.
If you are NOT a current or former employee of this company, please use this form to register your complaint.

Published on Apr-16-15

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READER COMMENTS

Posted by
Gina P. Ricau
on
I have stock in Walgreens , worked for them for 8 years and have profit sharing.

Posted by
Joan Kellander
on
Full time employee of Walgreens for 21 years, retired 4-16. Lost money in 401k years ago so withdrew all funds and cancelled. On profit-sharing since 1996( Feb.)still have funds in profit sharing today. Own stock 208 shares also.

Posted by
Lisa mcdonald
on
I worked for Walgreens for 10 years as a full time employee my last worked for them in I think may 2006 I lost stock that I owned in this company I also was fired from this company.while I was I'll under doctors care with.a doctors note I also had a 401 plan with this company

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