An investigation on behalf of investors of Patterson Companies, Inc. (NASDAQ:PDCO) shares over potential securities laws violations by Patterson Companies and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Patterson Companies, Inc. (NASDAQ:PDCO) concerning whether a series of statements by Patterson Companies regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Saint Paul, MN based Patterson Companies, Inc. is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. Patterson Companies, Inc. reported that its Total Revenue rose from over $5.38 billion for the 53 weeks period that ended on April 30, 2016 to over $5.59 billion for the 52 weeks period that ended on April 29, 2017 and that its Net Income over those time periods declined from $187.18 million to $1730.79 million.

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 Patterson Companies, Inc. The complaint alleges that the companies conspired to prevent dental groups from buying their products in bulk at a discount.