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id: 321, Created by Stan Vick Chase, Scout
08 February 2019Class period Start
12 August 2019Class period End
03 December 2022Claim deadline
Covetrus agreed to pay $35 million to settle a securities class action lawsuit accusing the Company of deceiving investors about spin-off and merger with VFC.
The complaint alleged, among other things, that the Company and its Leaders made false and misleading statements on various occasions:
- related to the spinoff of HSAH from Henry Schein;
- its merger with VFC to form Covetrus, and the subsequent integration of these two businesses.
As a result, Covetrus’ common stock price was artificially inflated.
Covetrus agreed to settle with investors to avoid further litigation.
City of Hollywood Police Officers’ Retirement System, Pembroke Pines Pension Fund for Firefighters and Police Officers
Saxena White P.A.
Eastern District of New York
Hon. Gary R. Brown
A.B. Data Ltd
Court hearing date
25 October 2022
+$35,000,000Total Settlement Amount