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Henry Schein to settle anti-trust class action for $39m

Henry Schein (NSDQ:HSIC) said today it expects to pay approximately $ 38.5 million to settle an anti-trust class action suit related to dental supplies. The case, which was filed in the US District Court for the Eastern District of New York, alleges that the defendants violated anti-trust rules by fixing prices on dental equipment and supplies, as well as other claims. The Melville, N.Y.-based company said that it expects to incur a charge of $ 38.5 million in pre-tax money, or 19¢ per share, to settle the case. The charges are slated to go on the books for the company’s third quarter, though the settlement is subject to a definitive agreement amongst all engaged parties, as well as court approval. Co-defendants Patterson (NSDQ:PDCO) and Benco Dental also expect to settle, Henry Sch…

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MedWorm: Dentistry News

Posted in Dental News.

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