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Mar 14, 2018 3:00 PM ET

Scott+Scott Attorneys at Law LLP Alerts Investors to the Filing of Securities Class Action Against Henry Schein, Inc. (HSIC)

Legal Newswire iCrowdNewswire - Mar 14, 2018

NEW YORK,  — Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national securities and consumer rights litigation firm, is notifying investors that a class action lawsuit has been filed against Henry Schein, Inc. (NASDAQ: HSIC) (“Henry Schein” or the “Company”) and certain of its officers, related to alleged violations of federal securities laws.  If you purchased Henry Schein securities between March 7, 2013 and February 12, 2018, you are encouraged to contact a Scott+Scott attorney at (844) 818-6980 for additional information.

Henry Schein provides products and services to dental practitioners.

On February 12, 2018, the Federal Trade Commission (“FTC”) announced it had filed a complaint against Henry Scheinand certain other dental supply companies, alleging “that they violated 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 stock price fell $4.79 per share, over 6.6%, to close at $67.39 on February 13, 2018.

The lawsuit alleges that the defendants made false and misleading statements and/or failed to disclose to investors that: (1) Henry Schein was engaging in unethical, anti-competitive behavior in violation of U.S. antitrust laws; (2) Henry Scheinengaged in such behavior, in part, to help maintain profitability in a consolidating health care industry; (3) these violations of antitrust laws would result in heightened scrutiny by the federal government, including the FTC lawsuit; (4) Henry Schein failed to maintain adequate internal controls; and (5) as a result of the foregoing, statements about Henry Schein’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

What You Can Do

If you purchased Henry Schein securities between March 7, 2013 and February 12, 2018, inclusive, or if you have questions about this notice or your legal rights, please contact attorney Rhiana Swartz at (844) 818-6980, or at [email protected].  Investors have until May 7, 2018, to move for lead plaintiff.

About Scott+Scott Attorneys at Law LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States.  The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New YorkLondonConnecticutCalifornia, and Ohio.

Contact Information:

Rhiana Swartz
Scott+Scott Attorneys at Law LLP
230 Park Ave, 17 Fl, NY, NY 10169-1820
(844) 818-6980
[email protected]

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