Walgreens Boots Alliance Inc (WBA)

[Robbay]

Wall Street Journal: Pension suite settled

8/26/2014
The pension funds alleged Walgreens board should have prevented the events that led to Walgreen's $80 million settlement with federal authorities in June 2013 concerning the distribution of controlled narcotics.

Under the settlement, Walgreen and/or its insurance carrier will pay as much as $3.5 million of plaintiffs' expenses and legal fees. No additional damages payment was addressed.
"The company will also adopt corporate governance and compliance rules, including "periodic reporting of significant DEA-related matters" to the board's audit committee.

The defendants continue to deny the allegations in the lawsuit but believe litigation would be "protracted, expensive and distracting," according to the company.

And someone might tell you that this companies board of Directors with there chosen Executives are looking over the Owners Interest.
As I recall and will follow up on this with a Corporation charter it is the first Responsibility of the BOD to look after the Owners interest.