PHILADELPHIA, Feb. 13, 2018 /PRNewswire/ -- Kehoe Law
Firm, P.C. is investigating potential securities claims on behalf
of purchasers of the securities of Patterson Companies, Inc.
("Patterson Companies" or "PDCO") (NASDAQ: PDCO) resulting
from allegations that the Patterson Companies and certain other
PDCO executives may have issued materially misleading business
information to the investing public.
On February 12, 2018, the FTC
announced that it filed a complaint against the nation's three
largest dental supply companies -- Benco Dental Supply Company,
Henry Schein, Inc., and Patterson
Companies -- alleging that they violated United States antitrust laws by conspiring to
refuse to provide discounts to or otherwise serve buying groups
representing dental practitioners. These buying groups sought lower
prices for dental supplies and equipment on behalf of solo and
small-group dental practices seeking to gain discounts by
aggregating and leveraging the collective purchasing power and
bargaining skills of the individual practices.
Based on the agreement among the distributors, the FTC's
complaint contends that Benco, Henry
Schein, and Patterson Companies unreasonably restrained
price competition for dental products in the United States; distorted prices and
undermined the ability of independent dentists to obtain lower
prices and discounts for dental products; deprived independent
dentists of the benefits of vigorous price and service competition
among full-service, national dental distributors; unreasonably
reduced output of dental products to dental buying groups; and
eliminated or reduced the competitive bidding process for sales to
these buying groups.
On this news, the share price of Patterson Companies declined
more than 9.5% in pre-market trading on February 13, 2018 down to $29.79 from a February 12,
2018 closing price of $32.92.
Patterson Companies Investors: If you purchased shares of
the Patterson Companies and have questions or concerns about the
securities investigation or your potential legal rights, please
visit
https://kehoelawfirm.com/active-investigations/patterson-companies-pdco-alert
or contact John A. Kehoe, Esq.,
(215) 792-6676, Ext. 801, jkehoe@kehoelawfirm.com or e-mail
info@kehoelawfirm.com.
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law
firm dedicated to protecting investors and consumers from corporate
fraud, negligence, and other wrongdoing.
CONTACT: John A. Kehoe,
Esq., Kehoe Law Firm, P.C.
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SOURCE Kehoe Law Firm, P.C.