It is alleged in the complaint that Walmart made misleading and false statements to the market. Walmart knowingly filled improper prescriptions that were written by “pill-mill” prescribers. Thousands of these prescriptions filled by Walmart demonstrated obvious red flags such as harmful mixtures of medications. Walmart management pressured its pharmacists to fill as many of these prescriptions as possible, which made it difficult for them to comply with the law. Walmart’s pharmacy revenues were inflated artificially, as a result of filling invalid prescriptions in violation of the dispensing requirements of the Controlled Substance Act. Walmart’s public statements were materially misleading and false throughout the class period, based on these facts. When the market learned the truth about Walmart, investors suffered damages.
Walmart, Inc.
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