Barrack, Rodos & Bacine Files A securities Class Action on Behalf of Aetna, Inc. Investors

1/29/2018 - Barrack, Rodos & Bacine has filed a securities class action lawsuit, No. 2:18-cv-00323-RK, in the United States District Court for the Eastern District of Pennsylvania, on behalf of investors who hold common stock of Aetna, Inc., for alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 in connection with the proposed sale of the company to CVS Health Corporation (the "Proposed Transaction").  A copy of the complaint is available here.

The complaint alleges that the Form S-4 filed with the U.S. Securities and Exchange Commission on January 4, 2018 and disseminated to Aetna stockholders contains materially incomplete and misleading information concerning the background of the Proposed Transaction, the Aetna Board’s recommendation, and key inputs and assumptions used by Aetna’s financial advisors in providing their fairness opinions with regard to the Proposed Transaction.  The complaint further alleges that without this information, Aetna’s stockholders cannot make an informed decision on whether to vote their shares in favor of the Proposed Transaction. 

If you are a current Aetna stockholder and wish to discuss your rights (including if you would like to take an active role or seek to serve as a lead plaintiff in the case), please contact attorney Julie B. Palley at Barrack Rodos & Bacine at the following toll-free number: 877-386-3304, or via e-mail to jpalley@barrack.com.