Defendant Name: Walgreens Boots Alliance, Inc.

Defendant Type: Public Company

Document Reference: 2018-220

Document Details

Legal Case Name In the Matter of Walgreens Boots Alliance, Inc., Gregory D. Wasson and Wade D. Miquelon
Document Name SEC Charges Walgreens and Two Former Executives With Misleading Investors About Forecasted Earnings Goal
Document Date 28-Sep-2018
Document Format Administrative Proceeding
File Number 3-18850
Allegation Type Issuer Reporting and Disclosure
Document Summary The Commission stated: "The Securities and Exchange Commission today charged Walgreens Boots Alliance Inc., former CEO Gregory Wasson, and former CFO Wade Miquelon with misleading investors about increased risk that the company would miss a key financial goal announced when Walgreen Co. entered into a merger with Alliance Boots GmbH in 2012."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $34,500,000.00 Shared:    

Related Documents:

33-10562 28-Sep-2018 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing a Cease-and-Desist Order
On September 28, 2018, the SEC issued an order against Walgreens Boots Alliance, Inc., stating: "This case involves negligent failures by Walgreen Co. ("Walgreens") and its senior leadership to adequately disclose to the market known increases in risk regarding the company's ability to achieve a financial goal."

Other Defendants in Action:

Gregory D. Wasson
Wade D. Miquelon