CVS Securities Suit Dismissal Stands; Investors Denied Chance To Amend Complaint

(June 4, 2021, 1:20 PM EDT) -- PROVIDENCE, R.I. — A federal judge in Rhode Island on May 25 denied a motion seeking partial reconsideration of her ruling dismissing shareholder claims in a securities class action lawsuit against CVS Health Corp. and certain of its current and former executive officers over alleged misrepresentations the defendants made regarding the financial condition of CVS Health’s long-term care (LTC) business, ruling that each of the reasons lead plaintiffs seek for reconsideration leads to “dead ends.”...