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Case Status:    ONGOING    
On or around 02/28/2020 (Date of last review)

Filing Date: September 30, 2019

According to the Complaint, Covetrus is a global, technology-enabled Animal Health Business that touts a comprehensive service and technology platform and supply chain infrastructure for the veterinary markets. Covetrus was formed when Henry Schein, a large publicly traded health care company, spun-off its Animal Health Business and combined it with VFC, a private technology company focused on veterinary markets.

The Complaint alleges that uring the Class Period, Defendants issued a series of false and/or misleading statements and failed to disclose material adverse facts about Covetrus’ business, operations, and prospects. Specifically, the Complaint alleges Defendants’ representations to investors: (i) overstated Covetrus’ capabilities with regard to inventory management and supply chain services; (ii) understated the costs of the integration of Henry Schein’s Animal Health Business and VFC, including the timing and nature of those costs; (iii) understated Covetrus’ separation costs from Henry Schein; and (iv) 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.

On December 23, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated Complaint on February 21, 2020.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Medical Equipment & Supplies
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: HSIC
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: E.D. New York
DOCKET #: 19-CV-05530
JUDGE: Hon. Frederic Block
DATE FILED: 09/30/2019
CLASS PERIOD START: 02/08/2019
CLASS PERIOD END: 08/12/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Klausner Kaufman Jensen & Levinson
  2. Saxena White P.A.
No Document Title Filing Date
COURT: E.D. New York
DOCKET #: 19-CV-05530
JUDGE: Hon. Frederic Block
DATE FILED: 02/21/2020
CLASS PERIOD START: 02/08/2019
CLASS PERIOD END: 08/12/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Klausner Kaufman Jensen & Levinson
  2. Saxena White P.A.
No Document Title Filing Date
—Related District Court Filings Data is not available