DENVER, CO – April 5, 2018 – Berens Law LLC today announced that a class action lawsuit has been filed in the United States District Court for the District of Minnesota on behalf of a class consisting of purchasers of the securities of Patterson Companies, Inc. (NASDAQ: PDCO) from June 26, 2015 through February 28, 2018, inclusive (the “Class Period”).
What actions may I take at this time? If you purchased or acquired shares during the Class Period and wish to serve as a lead plaintiff, you must request appointment no later than May 29, 2018. A “lead plaintiff” works with counsel to direct the litigation and participates in important decisions, including the amount of compensation to accept in settlement of the class action. Members of the putative class may seek appointment through counsel of their choice, or may choose to do nothing and remain absent class members.
If you would like to discuss this action, the lead plaintiff process, or have any questions concerning this notice, please contact Jeffrey A. Berens, Esq. at (800) 287-9272 or via email firstname.lastname@example.org.
What are the allegations in the complaint? The complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) defendants were engaged in a fraudulent and illegal price-fixing conspiracy; (2) Patterson'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 which represented small and independent dental practices; (4) as a result, defendants’ statements about Patterson’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. Based upon the foregoing, the complaint charges defendants with violations of the Securities Exchange Act of 1934.
About Berens Law LLC. Berens Law LLC represents investors in securities class action and shareholder derivative lawsuits, and over the years has recovered hundreds of millions of dollars for clients.
Jeffrey A. Berens, Esq.
Berens Law LLC
2373 Central Park Boulevard
Denver, CO 80238
Tel: (800) 287-9272