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Stock impact report

Henry Schein Anticipates Settling Proposed Class-Action Litigation

Henry Schein, Inc. (HSIC) 
Last henry schein, inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: PR Newswire
MELVILLE, N.Y., Aug. 30, 2018 /PRNewswire/ -- Henry Schein, Inc. (Nasdaq: HSIC) announced today that it anticipates settling the proposed class-action litigation, In Re Dental Supplies Antitrust Litigation, No. 1:16-CV-00696-BMC-GRB, in the United States District Court for the Eastern District of New York. As a result, Henry Schein expects to record a charge of $38.5 million pre-tax or $0.19 per share when the Company reports its third-quarter 2018 results. The anticipated settlement is subject to reaching a definitive agreement among the parties, as well as to subsequent approval by the court.  "We categorically and emphatically deny any wrongdoing, and we have made a business decision in the best interests of the Company to engage in settlement discussions to avoid long, distracting litigation and the additional use of resources," said Stanley M. Bergman, Chairman of the Board and CEO of Henry Schein. "We have a long history of serving customers with integrity and honesty, and we ha Show less Read more
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