Wade Miquelon

Walgreen Inc.'s former Chief Financial Officer Wade Miquelon sued the drugstore operator on Thursday, alleging company executives defamed him in news reports that blamed him for errors in its earnings forecast. Miquelon sued Walgreen in a state court in Chicago claiming that CEO Gregory Wasson and director Stefano Pessina, the company's biggest shareholder, had made "false and disparaging" comments about him in a report by The Wall Street Journal, court documents showed. The Journal reported in August that Miquelon and another top executive lost their jobs after a $1 billion forecasting error in Walgreen's Medicare-related business.

Deerfield, Ill. — Walgreens posted March sales of $6 billion, a decrease of 4.3%, compared with the same month in fiscal year 2011. “We continued to see growth in our front-end business, and with Easter falling on April 8 this year, we anticipate that much of our Easter sales will be reflected in our April results,” Walgreens EVP and CFO Wade Miquelon said. “In addition, our new advertising circular strategy has helped drive profitable sales.” Walgreens launched its new weekly ad circular, with additional online savings, in mid-February. Prescriptions filled at comparable stores decreased 11.4% in March. The negative

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