Oklahoma City, OK (March 30, 2018) – On March 28, 2018, a securities class action lawsuit was filed in the United States District Court for the District of Minnesota against Patterson Companies, Inc. (NASDAQ: PDCO).  The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is June 26, 2015 through February 28, 2018.  More specifically, this litigation was filed because 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.

On February 12, 2018, the Federal Trade Commission (“FTC”) announced a complaint against Patterson, claiming that the Company had violated U.S. antitrust laws by conspiring with other dental supply companies to refuse to provide discounts to or otherwise serve buying groups representing dental practitioners. On this news, shares of Patterson fell significantly, thereby injuring investors.

Plaintiff seeks to recover damages on behalf of all Patterson Companies, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above.  You may move the Court no later than Tuesday, May 29, 2018 to serve as a lead plaintiff for the entire Class.  However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

To join this class action, click here  to obtain an investor certification.  Once complete, please email this form to rkh@federmanlaw.com, fax to us at (405) 239-2112 or send by regular mail to Federman & Sherwood, 10205 North Pennsylvania Avenue, Oklahoma City, OK 73120, ATTN:  Robin.