PHILADELPHIA, Sept. 5, 2020 /PRNewswire/ — Kaskela Legislation LLC declares that it’s investigating Patterson Firms, Inc. (“Patterson” or the “Firm”) (NASDAQ: PDCO) on behalf of the Firm’s stockholders.
A securities fraud grievance was filed towards Patterson in federal court docket on behalf of buyers who bought shares of the Firm’s inventory between June 26, 2013 and February 28, 2018. Based on the grievance, throughout that point interval Patterson engaged in a “coordinated scheme … to illegally repair costs on dental provides by colluding with its principal opponents—Schein and Benco—who, along with Patterson, managed almost 85% of the dental provide market through the Class Interval.” On February 12, 2018, the Federal Commerce Fee (“FTC”) filed a proper grievance towards Patterson alleging that the corporate had violated the federal antitrust legal guidelines.
The investigation seeks to find out whether or not the members of Patterson’s board of administrators breached their fiduciary duties to the Firm and its stockholders in reference to the above alleged misconduct.
Present Patterson stockholders who bought or acquired shares of the Firm’s inventory previous to February 28, 2018 are inspired to contact Kaskela Legislation LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by e mail at [email protected] or on-line at http://kaskelalaw.com/case/patterson-companies-inc/, to debate this investigation and their authorized rights and choices.
Kaskela Legislation LLC represents buyers in securities fraud, company governance, and merger & acquisition litigation. For extra details about Kaskela Legislation LLC please go to www.kaskelalaw.com. This discover might represent legal professional promoting in sure jurisdictions.
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SOURCE Kaskela Legislation LLC