On September 10, 2019, Saxena White secured a major victory with an important decision issued by the District of Minnesota Court in Plymouth County Retirement System v. Patterson Companies, Inc. et al. No. 1:17-cv-10014. In his order, Judge Michael J. Davis adopted the Report and Recommendation of United States Magistrate Judge Steven E. Rau dated July 25, 2019 regarding Defendants’ motion to dismiss.

Significantly, the Court found that Lead Plaintiffs alleged “a long-running scheme at Patterson, concocted in the upper echelons of corporate management, to collude with its direct competitors to stifle new entrants to the market to protect its artificially inflated prices charged by reason of unorganized buyers with little power.” Lead Plaintiffs’ allegations, according to Court, were bolstered by the FTC complaint filed against Patterson and its competitors, and sufficiently asserted securities violations against Patterson and its former CEO Scott Anderson.

The case is now in the discovery phase.