June 18, 2003

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.

Posted by Lyle Roberts at June 18, 2003 10:07 PM | TrackBack
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