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Henry Schein, Inc. (NASDAQ: HSIC) Investor Alert: Update in Lawsuit

01-13-2020 04:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Henry Schein, Inc. (NASDAQ: HSIC) shares over alleged securities laws violations and

A lawsuit was filed on behalf of investors in Henry Schein, Inc. (NASDAQ: HSIC) shares over alleged securities laws violations and

The Shareholders Foundation announced an update in the lawsuit filed over alleged violations of Federal Securities Laws by Henry Schein, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Henry Schein, Inc. (NASDAQ: HSIC) have certain options and for certain investors are short and strict deadlines running. Deadline: May 7, 2018. NASDAQ: HSIC investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On February 12, 2018, it was reported that the Federal Trade Commission (FTC) has filed a complaint against the three largest U.S. dental supply companies in the country, including Henry Schein, Inc. The complaint alleges that the companies conspired to prevent dental groups from buying their products in bulk at a discount.

On March 7, 2018, a lawsuit was filed filed against Henry Schein, Inc. over alleged Securities Laws Violations. The plaintiff claimed that between March 7, 2013 and February 12, 2018, the defendants made false and/or misleading statements and/or failed to disclose that Henry Schein was engaging in unethical, anti-competitive behavior through agreements with Benco Dental Supply Company and Patterson Companies, Inc., in violation of United States antitrust laws, that Henry Schein engaged in such behavior, in part, to help maintain profitability in a consolidating health care industry, that these violations of U.S. antitrust laws would result in heightened scrutiny by the federal government and a lawsuit filed by the Federal Trade Commission (“FTC”), that Henry Schein failed to maintain adequate internal controls, and that a result, defendants’ statements about Henry Schein’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On September 14, 2018 a consolidated Complaint was filed and on February 22, 2019 the defendants filed a Motion to Dismiss the consolidated Complaint.
On September 27, 2019, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss. The claims were dismissed against two of the individual Defendants.

Those who purchased shares of Henry Schein, Inc. (NASDAQ: HSIC) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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