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0.00167504187604696 0.0050251256281407 0.00446677833612517 0.00438860971524297 -0.00309324399776654 0.00725851479620338 0.00725851479620338 0.00725851479620338
Stock impact report

Trying Counts: Walgreens, Corporate Governance And Fiduciary Duty Litigation [Forbes]

Walgreens Boots Alliance, Inc. (WBA) 
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.walgreensbootsalliance.com
Company Research Source: Forbes
The financial headlines can make it seem like every corporate scandal is also a breach of the fiduciary duty of oversight (also known as a Caremark claim ). These types of suits, which shareholders bring against company directors and officers, are particularly risky because they can lead to personal financial liability. Consider the high-profile, tragic catastrophe of Boeing and its $238 million settlement in derivative suit litigation for inadequate safety oversight leading to more than 300 deaths. Or the case involving McKesson Corporation—a pharmaceutical giant found to be fueling the nation's opioid crisis , which settled for $175 million. These types of cases grab headlines that make a company's leadership very uncomfortable—sometimes rightly so. However, not all corporate scandals are breaches of the fiduciary duty of oversight, as the recent dismissal of a fiduciary duty suit against Walgreens in early 2024 demonstrates. In February 2024, a Delaware court issued an o Show less Read more
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