Robbins llp announces complaint filed against henry schein, inc
Robbins llp announced that a purchaser of henry schein, inc. has filed a shareholder derivative complaint against the company's officers and directors for breaches of fiduciary duties, unjust enrichment, abuse of control, gross mismanagement, waste of corporate assets, and alleged violations of the securities exchange act of 1934. according to the complaint, between march 2013 and february 2018, the executives of henry schein engaged in a conspiracy with benco and patterson to restrain trade to drive down competition in the dental products market and inflate the prices of dental products. this agreement included refusing to offer discounted prices or to negotiate with group purchasing organizations, refraining from poaching one another's customers or sales representatives, and blocking the entry and expansion of rival distributors. the conspiracy came to light on february 12, 2018, when the federal trade commission filed an administrative complaint against henry schein, benco, and patterson for violation of federal antitrust law. additionally, multiple dental and medical suppliers have brought lawsuits against henry schein alleging antitrust violations.
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