Petrus Advisers and Petrus Legal Strategies Announce Delaware Litigation to Obtain Documents for SNP Lawsuit
Petrus Advisers & Petrus Legal Strategies (« Petrus ») has filed two lawsuits in the state of Delaware under U.S. Code §1782, seeking documents from Cognizant Technology Solutions Corp and The Carlyle Group Inc to support ongoing legal proceedings involving SNP Schneider-Neureither & Partner SE in Germany. These actions aim to gather relevant evidence for use in German court cases concerning SNP's valuation during an expert appraisal process. Petrus noted media coverage suggesting that a tribunal might value SNP shares at least 140 euros based on KPMG’s Financial Factbook, and emphasized the importance of transparency given this attention. Petrus clarified it does not view either Cognizant or Carlyle as adversaries but rather entities in possession of relevant documents. All filings are public records, and Petrus has reaffirmed its prior statements without further elaboration.
Topics: discovery request KPMG report lawsuit