Stockholder claims Aetna statement omits information regarding proposed transaction

By Louie Torres | Feb 1, 2018

PHILADELPHIA – An Aetna stock owner is seeking to enjoin a proposed transaction between the company and CVS Health Corp.

Vladimir Gusinsky Rev. Trust filed a complaint on Jan. 29 in the U.S. District Court for the Eastern District of Pennsylvania against Aetna Inc., et al. citing the Securities Exchange Act.

According to the complaint, Aetna announced in December 2017 that it would be acquired by CVS Health Corp. and Hudson Merger Sub Corp. and filed a registration statement with the U.S. Securities and Exchange Commission on Jan. 4.

The plaintiff holds Aetna Inc., et al. responsible because the defendants allegedly issued a false and misleading registration statement. The plaintiff alleges the statement omits both Aetna's and CVS's financial projections and other information.

The plaintiff requests a trial by jury and seeks enjoin the defendants from proceeding with the proposed transaction, rescissory damages, court costs and any further relief this court grants. He is represented by Richard A. Maniskas of RM Law PC in Berwyn, Pennsylvania and Brian D. Long and Gina M. Serra of Rigrodsky & Long PA in Wilmington, Delaware.

U.S. District Court for the Eastern District of Pennsylvania case number 2:18-cv-00361-NIQA

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