Law 360

NOVEMBER 16, 2023

Two pension fund stockholders of animal health company Covetrus Inc. have sued the company's CEO and directors in Delaware's Court of Chancery, alleging that private equity firm and major shareholder Clayton Dubilier & Rice LLC was given unfair advantages when it bought Covetrus in a $21-per-share takeover with TPG Capital.

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Court 52

Law 360

NOVEMBER 20, 2023

New cases involved Walt Disney, Real Life, Zendesk and animal health company Covetrus Inc. Lawsuits that went nowhere got pretty expensive in Delaware's Court of Chancery last week, which saw the award of a multimillion-dollar "mootness" fee and a settlement of litigation that closed a $720 million deal.

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Law 360

OCTOBER 14, 2022

Two union pension funds and a hedge fund have jointly sued animal health technology company Covetrus Inc. in Delaware for records on the company's newly closed, $4 billion take-private sale, saying the deal price appears too low and could have violated takeover restrictions.

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Technology 40

Law 360

JUNE 16, 2021

Stockholder attorneys whose Delaware Chancery Court suit headed off inadequate disclosures before a vote on a big investor's gain of voting-eligible shares in global veterinary science company Covetrus Inc. have won a $600,000 "mootness" fee award following corrective, supplemental disclosure.

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