BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the May 7, 2018 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Henry Schein, Inc. (“Henry Schein” or the “Company”) (NASDAQ: HSIC) securities between March 7, 2013, and February 12, 2018, inclusive (the “Class Period”). Henry Schein investors have until May 7, 2018 to file a lead plaintiff motion.
Investors suffering losses on their Henry Schein investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
On February 12, 2018, the Federal Trade Commission (“FTC”) announced that it filed a complaint against the country’s three largest dental supply companies, Henry Schein, Benco Dental Supply Company (“Benco”), and Patterson Companies, Inc. (“Patterson”), alleging violations of U.S. antitrust laws by conspiring to refuse to provide discounts to or otherwise serve buying groups representing dental practitioners. On this news, Henry Schein’s share price fell $4.79, or 6.63%, to close at $67.39 on February 13, 2018.
The Complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants failed to disclose that: (i) the Company conspired with other dental supply companies to violate federal antitrust laws; (ii) discovery of the foregoing conduct would subject the Company to heightened regulatory scrutiny and potential criminal sanctions; and (iii) that as a result of the foregoing, Henry Schein’s public statements were materially false and misleading at all relevant times.
If you purchased shares of Henry Schein during the Class Period you may move the Court no later than May 7, 2018 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.