Petrus Seeks Documents in U.S. for German Legal Proceedings

Petrus Advisers and Petrus Legal Strategies have initiated legal proceedings in Delaware, U.S., to secure documents required for German legal proceedings. The firms are requesting these documents from Cognizant Technology Solutions Corp. and The Carlyle Group Inc.

The proceedings, filed under 28 U.S.C. § 1782, aim to gather information that Petrus deems relevant to ongoing legal cases in Germany. Petrus clarifies that neither Cognizant nor Carlyle Group are considered adverse parties, but rather entities holding necessary documentation.

The actions follow extensive media and analyst coverage concerning the German company SNP. The press release references expectations from analysts that SNP's share would be valued at no less than 140 euros in a court valuation, based on a "Financial Factbook" by KPMG.

Petrus confirms that these document requests are public and that the firms will not retract their filings. The objective is to collect evidence for future legal actions involving German corporations.