| COMPANY |
Henry Schein, Inc. |
| COURT |
United States District Court for the Eastern District of New York |
| CASE NUMBER |
18-cv-01428 |
| JUDGE |
The Honorable Margo K. Brodie |
| CLASS PERIOD |
March 7, 2013 through February 12, 2018 |
| SECURITY TYPE |
Common Stock |
Case Background:
On March 7, 2018, the initial complaint in this securities class action was filed against Henry Schein, Inc. (“Schein” or the “Company”), and certain Schein executives, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. This is a federal securities class action lawsuit brought on behalf of all investors who purchased or otherwise acquired Schein common stock during the period from March 7, 2013 through February 12, 2018, both dates inclusive (the “Class Period”).
The complaint alleged that Defendants made materially false and misleading statements during the Class Period about: (1) the competitive environment of Schein’s North American Dental business; (2) Schein’s business dealings with dental buying groups; (3) Schein’s financial results; and (4) the sources of Schein’s financial success.
Current Status of Case:
On September 14, 2018, Plaintiffs filed an amended complaint (the “Amended Complaint”). On September 27, 2019, the Court granted in part and denied in part Defendant’s Motion to Dismiss. On February 4 and 5, 2020, the parties engaged in two mediation sessions. During the mediation sessions, the parties engaged in settlement negotiations and reached an agreement to settle the action for $35,000,000. The Court approved the Settlement on September 16, 2020. This action has concluded.
The deadline to file a claim is September 2, 2020. If you have any questions or need further information about this settlement, you may go to the following website, http://www.hsicsecuritieslitigation.com/, or you can contact the claims administrator, A.B. Data, Ltd. at 1-888-210-5486.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.