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CVET.US
id: 321, Created by Stan Vick Chase, Scout
Covetrus Inc
Settled
08 February 2019
Class period Start12 August 2019
Class period End03 December 2022
Claim deadlineCovetrus 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.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
City of Hollywood Police Officers’ Retirement System, Pembroke Pines Pension Fund for Firefighters and Police Officers
Attorney
Saxena White P.A.
Court
Eastern District of New York
Judge
Hon. Gary R. Brown
Administrator
A.B. Data Ltd
Court hearing date
25 October 2022
+$35,000,000
Total Settlement Amount