LOS ANGELES, CA / ACCESSWIRE / November 23, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Covetrus, Inc. ("Covetrus" or "the Company") (NASDAQ:CVET) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities are encouraged to contact the firm before November 29, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Covetrus overstated its skills and abilities in inventory management and supply chain services. The Company understated the costs associated with the integration of Henry Schein's Animal Health Business and VFC. The Company also downplayed the impact of online competition and alternate distribution channels on earnings performance. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Covetrus, investors suffered damages.
The Schall Law Firm represents investors around the world and focuses on securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm
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