Recent Security Class Actions

Patterson Companies Inc. Common Stock (NASDAQ: PDCO)

Company Name:Patterson Companies Inc. Common Stock
Stock Symbol:NASDAQ: PDCO
Class Period Start:06/26/2013
Class Period End (inclusive):02/28/2018
Filing Deadline:05/27/2018

Patterson Companies, Inc. ("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 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.