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Quick payoff or material disclosure? 7th Circuit to weigh in on Walgreens shareholder class action deal

By Jonathan Bilyk | Monday, Jun 6, 2016 @ 4:48pm

A little less than a year after Walgreens and some of its shareholders moved to settle a class action over a lack of disclosures to shareholders who said they were concerned over the company’s merger with European retail pharmacy operator Alliance Boots, objectors to that settlement deal are hoping a federal appeals court will toss out or rewrite the settlement over concerns the deal is little more than a $370,000 payoff to trial lawyers.