Shareholders Foundation investigating LabCorp’s takeover of Covance

Investor Alert: Takeover of Covance Inc. (NYSE:CVD) under Investigation | Business, Financial Markets | GroundReport.com – Latest World News & Opinions

The Shareholders Foundation announces that an investigation on behalf of investors, who currently hold shares of Covance Inc. (NYSE:CVD), was initiated concerning whether thetakeover of Covance Inc. by Laboratory Corporation of America Holdings for a value of approximately $105.12 per share is unfair to NYSE:CVD stockholders.

Those who are current investors in Covance Inc. shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

Investor Alert: Takeover of Covance Inc. (NYSE:CVD) under Investigation | Business, Financial Markets | GroundReport.com – Latest World News & Opinions.

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The SEC should have stopped LabCorp’s growth before its purchase of Orchid Cellmark, seeing as LabCorp was disinterested in whether Orchid Cellmark had failed to report the suspect condition of evidence received for DNA testing … at least twice.

A cornered market on the prices of DNA testing isn’t in the public’s interest. Especially a cornered, irresponsible market.

The SEC believes otherwise, obviously. They apparently like corporations that are too big to hold accountable, even for life and death matters like the affordability and reliability of DNA testing of crime scene evidence.

Taxpayers have spent big, big bucks through federal grants to get rid of the backlog on DNA testing of rape kits – and those backlogs never get cleared up, even though automation has cut the costs of performing DNA tests. This has rape kits routinely tested after the state of limitations has expired on the rapes. Serial rapists are likely to step up their game, and become serial killers.

Congressional Oversight,  has allowed the SEC to see itself as self-employed, with no obligation to the public at large, or to shareholders. To my knowledge, six law firms as well as the Shareholders Foundation have now stepped up to addreess LabCorp’s takeover of Covance.

Unless all seven parties push to break LabCorp into bits small enough to hold accountable, ensuring public safety via rapid, reliable DNA testing will remain impossible.

About Susan Chandler

Now-disabled interior/exterior designer dragged into battling conviction corruption from its periphery in a third personal battle with civil public corruption.
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