Rite Aid (NYSE:RAD) Current/Former Employees: Losses Over $1M? Contact KlaymanToskes

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The Securities Law Firm of KlaymanToskes Offers Employees With Investment Losses in Rite Aid Recovery Options

NEW YORK, NY / ACCESSWIRE / June 30, 2023 / National investment loss attorneys KlaymanToskes encourages current and former Rite Aid (NYSE:RAD) employees who suffered losses of $1,000,000 or more to contact the firm immediately at 888-997-9956. Disclosure: Investors that had self-directed accounts who did not rely on the advice of a financial advisor are not eligible for our services.

KlaymanToskes is investigating brokerage firms that managed current/former employees' positions in Rite Aid Corporation and misrepresented or failed to disclose known risks to investors. Brokerage firms that failed to recommend risk management strategies to customers with large, concentrated or margined positions in Rite Aid Corp. (RAD) may be liable for investor losses.

Investment portfolios holding large concentrated stock positions carry significant downside risks. The failure to use risk management strategies and the failure to "hedge" the value of a concentrated portfolio directly exposes an investor's concentrated position to the fluctuations of volatile securities markets.

A recent class action complaint states Rite Aid "ignored evidence that its stores were dispensing unlawful prescriptions, and intentionally deleted internal notes about suspicious prescribers written by concerned pharmacists."

By knowingly filling unlawful prescriptions for controlled substances, Rite Aid allegedly violated the Controlled Substances Act, and further allegedly violated the False Claims Act, by seeking reimbursement from federal healthcare programs.

Although a class-action was filed, current and former Rite Aid employees should know that class-actions may take many years to resolve, and payouts are generally heavily undervalued. KlaymanToskes believes FINRA arbitration is the best solution for investors that suffered losses in Rite Aid Corp. at full-service brokerage firms.

Investors that suffered losses in excess of $1,000,000 should immediately contact attorney Lawrence L. Klayman, Esq. for a free consultation at 888-997-9956 or to discuss recovery options.

About KlaymanToskes

KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.


KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.

SOURCE: KlaymanToskes, P.A.

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riteaid is a company based out of 7189 henry clay blvd, liverpool, new york, united states.