NEW ORLEANS--(BUSINESS WIRE)--ClaimsFiler, a FREE shareholder information service, reminds investors that they have until May 29, 2018 to file lead plaintiff applications in a securities class action lawsuit against Patterson Companies, Inc. (NasdaqGS: PDCO), if they purchased the Company’s shares between June 26, 2015 and February 28, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Minnesota.
Patterson investors should visit us at https://www.claimsfiler.com/cases/view-patterson-companies-inc-securities-litigation-1 or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Patterson and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 12, 2018, the Federal Trade Commission disclosed that it had filed a complaint against the Company for violating antitrust regulations through a conspiracy with other dental supply companies to fix the prices of dental products and refuse to offer discounts or service to buying groups representing dental practitioners. Then, on March 1, 2018, the Company revealed dismal financial results for 2018Q3 and the departure of its Chief Financial Officer.
On this news, the price of Patterson’s shares plummeted $7.48 per share, or 23% in one day.
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