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Investigation announced for NASDAQ: CVET investors over potential Wrongdoing at Covetrus Inc

02-12-2020 04:16 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Covetrus, Inc. (NASDAQ: CVET) shares.

An investigation on behalf of current long term investors in Covetrus, Inc. (NASDAQ: CVET) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Covetrus, Inc..

Investors who are current long term investors in Covetrus, Inc. (NASDAQ: CVET) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: CVET stocks follows a lawsuit filed against Covetrus, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CVET stocks, concerns whether certain Covetrus, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that the Defendants' representations to investors overstated Covetrus' capabilities with regard to inventory management and supply chain services, understated the costs of the integration of Henry Schein's Animal Health Business and VFC, including the timing and nature of those costs, understated Covetrus' separation costs from Henry Schein, and understated the impact on earnings from online competition and alternative distribution channels as well as the impact of the loss of a large customer in North America just prior to the Company's separation from Henry Schein.

Those who purchased shares of Covetrus, Inc. (NASDAQ: CVET) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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