Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | CVS Caremark Corporation hit by shareholder lawsuitLawsuit on behalf of investors of CVS Caremark Corporation (Public, NYSE-CVS) over alleged securities laws violations of CVS Caremark – Deadline: January 15, 2010 – Contact the Shareholders Foundation, Inc.
By: Shareholders Foundation, Inc. If you purchased CVS Caremark Corporation common stock during the period between May 5, 2009 and November 4, 2009, you have certain options and there are strict and short deadlines running. Deadline: January 15, 2010. Those CVS shareholders and current long term CVS investors should contact the Shareholders Foundation, Inc at: Email: mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554 According to the complaint the plaintiff alleges that CVS Caremark Corporation and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between May 5, 2009 and November 4, 2009 numerous positive statements regarding CVS Caremark’s financial condition, business and prospects and failing to disclose operating problems in the PBM business, the more than $6 billion in contractual losses for 2010 and the adverse impact this would have on its 2010 financial results. According to the complaint, CVS Caremark Corporation disclosed that the Federal Trade Commission (“FTC”) had begun a “nonpublic investigation” CVS Caremark Corp, located in Woonsocket, RI, is a provider of prescriptions and related healthcare services in the United States. It is a pharmacy services company and drives value for its customers through its approximately 6,900 CVS/pharmacy and Longs Drug retail stores. CVS Caremark Corporation with a Market Cap of $42.94billion reported in 2007 Total Revenue of $76.3295billion with a Net Income of $2.637billion and in 2008 Total Revenue of $87.4719billion with a Net Income of $3.2121billion. Shares of CVS Caremark Corporation (CVS) traded recently at $30.44 per share, down from its 52weekHigh of $38.27 per share and over $43 per share in 2008. Those who purchased CVS Caremark Corporation common stock during the period between May 5, 2009 and November 4, 2009, have certain options and there are strict and short deadlines running. Deadline: January 15, 2010. Those CVS shareholders and current long term CVS investors should contact the Shareholders Foundation, Inc at: Email: mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554 Shareholders Foundation, Inc. Trevor Allen 3111 Camino Del Rio North - Suite 423 - 92108 San Diego Tel:+1-(858)- Fax:+1-(858)- mail@shareholdersfoundation.com www.ShareholdersFoundation.com ____________________________________________________________ # # # Advertising. The Shareholders Foundation, Inc. is an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon. End
|
| |||||||||||||||||||||||||||||||||||||||||||||||||
Account Phone Number