Scandals Are Expensive

The Associated Press has an article discussing the financial costs associated with the problems at Rite-Aid Corp. The 10b-5 Daily has previously posted about the related securities class action here. Interestingly, both plaintiffs’ counsel and an independent expert appear to agree that it is very difficult to determine the actual damages suffered by Rite-Aid’s shareholders as a result of the alleged fraud.

Leave a comment

Filed under All The News That's Fit To Blog

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s