A lawsuit was filed on behalf of investors in Patterson Companies, Inc. (NASDAQ:PDCO) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 04/25/2018 -- An investor, who purchased shares of Patterson Companies, Inc. (NASDAQ:PDCO), filed a lawsuit in over alleged violations of Federal Securities Laws by Patterson Companies, Inc. in connection with certain allegedly false and misleading statements.
Investors in shares of Patterson Companies, Inc. (NASDAQ:PDCO) should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges on behalf of purchasers of Patterson Companies, Inc. (NASDAQ:PDCO) common shares between June 26, 2015 and February 28, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between June 26, 2015 and February 28, 2018, the Defendants allegedly made false and/or misleading statements and/or failed to disclose that Defendants were engaged in a fraudulent and illegal price-fixing conspiracy, that the Company's revenue and earnings were fraudulently inflated by the illegal scheme, that the scheme was aimed at prohibiting sales to and price negotiations by group purchasing organizations ("GPOs") that represented small and independent dental practices, and that as a result of the foregoing, Defendants' statements about Patterson's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.
On February 12, 2018, it was reported that the Federal Trade Commission (FTC) has filed a complaint against the three largest U.S. dental supply companies in the country, including Patterson Companies, Inc. The complaint alleges that the companies conspired to prevent dental groups from buying their products in bulk at a discount.
Those who purchased shares of Patterson Companies, Inc. (NASDAQ:PDCO) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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