The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of CVS Health Corporation (NYSE: CVS) who purchased shares between May 21, 2015 and February 20, 2019. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
In particular, the CVS Health lawsuit alleges that (i) CVS Health’s financial condition and expected earnings were deteriorating as a result of rising costs and poor results associated with the Omnicare Acquisition; and (ii) as a result, CVS Health’s public statements were materially false and misleading at all relevant times.
Shareholders have until April 26, 2019 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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