Levi & Korsinsky is investigating the Board of Directors of drugstore.com, inc. (“drugstore.com” or the “Company”) (Nasdaq: DSCM) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Walgreen Company (NYSE: WAG). Under the terms of the transaction, drugstore.com shareholders will receive $3.80 in cash per each share of drugstore.com they own. The transaction has a total value of approximately $409 million.

Click here to learn how to join the action: http://www.zlk.com/drugstore-dotcom-dscm.html, or call: 877-363-5972.

The investigation concerns whether the drugstore.com Board of Directors breached their fiduciary duties to drugstore.com stockholders by failing to adequately shop the Company before entering into this transaction and whether Walgreen Company is underpaying for drugstore.com shares, thus unlawfully harming drugstore.com stockholders.

If you own common stock in drugstore.com and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/drugstore-dotcom-dscm.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Copyright Business Wire 2010

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