Saxena White P.A. Files Securities Fraud Class Action Against Patterson Companies, Inc.
March 28 2018 - 5:02PM
Saxena White P.A. has filed a securities fraud class action lawsuit
in the United States District Court of Minnesota against Patterson
Companies, Inc. (“Patterson” or the “Company”) (NASDAQ:PDCO) on
behalf of investors who purchased or otherwise acquired the common
stock of the Company between June 26, 2015 and February 28, 2018,
inclusive (the “Class Period”).
Patterson is one of the nation’s only
full-service distributors of dental products. The Company
distributes its products mainly through two subsidiaries—Patterson
Dental and Patterson Animal Health.
The Complaint asserts claims for violations of
the Securities Exchange Act of 1934. The Complaint alleges that,
throughout the Class Period, Defendants made false and/or
misleading statements, as well as failed to disclose material
adverse facts about the Company’s business, operations, and
prospects.
Specifically, Defendants allegedly made false
and/or misleading statements and/or failed to disclose that: (1)
Defendants were engaged in a fraudulent and illegal price-fixing
conspiracy; (2) the Company’s revenue and earnings were
fraudulently inflated by the illegal scheme; (3) the scheme was
aimed at prohibiting sales to and price negotiations by group
purchasing organizations (“GPOs”) that represented small and
independent dental practices; (4) 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.
You may obtain a copy of the
Complaint and join the class
action at www.saxenawhite.com.
If you purchased Patterson shares between June
26, 2015 and February 28, 2018, you may contact Lester Hooker
(lhooker@saxenawhite.com) at Saxena White P.A. to discuss your
rights and interests.
If you purchased Patterson securities during the
Class Period of June 26, 2015 through February 28, 2018 and wish to
apply to be the lead plaintiff in this action, a motion on your
behalf must be filed with the Court by no later than May 29, 2018.
You may contact Saxena White P.A. to discuss your rights regarding
the appointment of lead plaintiff and your interest in the class
action. Please note that you may also retain counsel of your choice
and need not take any action at this time to be a class member.
Saxena White P.A., with offices in Florida, New
York, and Massachusetts, concentrates its practice on prosecuting
securities fraud and complex class actions on behalf of
institutions and individuals. Currently serving as lead counsel in
numerous securities fraud class actions nationwide, the firm has
recovered hundreds of millions of dollars on behalf of injured
investors and is active in major litigation pending in federal and
state courts throughout the United States.
CONTACT INFORMATIONLester R.
Hooker, Esq.lhooker@saxenawhite.com Saxena White P.A.150 East
Palmetto Park Road, Suite 600Boca Raton, FL 33432Tel: (561)
206-6708Fax: (866) 290-1291www.saxenawhite.com
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