RADNOR, Pa., May 06, 2018 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Patterson Companies, Inc. (NASDAQ:PDCO) (“Patterson” or the “Company”) on behalf of purchasers of the Company’s securities between June 26, 2015 and February 28, 2018, inclusive (the “Class Period”).

Patterson investors are encouraged to visit www.kaskelalaw.com/case/patterson to receive additional information about this action and submit their information online.  Investors may also contact attorney D. Seamus Kaskela at (888) 715 – 1740, or via email at skaskela@kaskelalaw.com, to discuss their legal rights and options with respect to this action.

Patterson is one of the nation's only full-service distributors of dental products.

The shareholder class action complaint alleges that Patterson and certain of its senior executive officers made false and misleading statements and/or failed to disclose to investors that: (i) Patterson was engaged in a fraudulent and illegal price-fixing conspiracy; (ii) the Company's revenue and earnings were fraudulently inflated by the illegal scheme; and (iii) the scheme was aimed at prohibiting sales to and price negotiations by group purchasing organizations (“GPOs”) that represented small and independent dental practices.  The complaint further alleges that, as a result of the foregoing, investors purchased Patterson’s securities at artificially inflated prices during the Class Period and sustained significant investment losses when the truth was revealed.

Investors who purchased Patterson securities during the Class Period may, no later than May 29, 2018, seek to be appointed as a lead plaintiff representative of the class through Kaskela Law or other counsel, or may choose to do nothing and remain an absent class member.  In order to be appointed as a lead plaintiff a class member must meet certain legal requirements. 

Kaskela Law LLC exclusively prosecutes shareholder actions in state and federal courts throughout the country on behalf of investors.  For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

CONTACT:

KASKELA LAW LLC
D. Seamus Kaskela, Esq.
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(888) 715 – 1740
skaskela@kaskelalaw.com
www.kaskelalaw.com