Patterson Cos. Settles Investor Price-Fix Case for $63 Million

Patterson Cos. will pay $63 million to end securities fraud litigation over its alleged role in a price-fixing scheme involving the country’s top dental supply wholesalers, according to a federal court filing in Minneapolis.

The investors leading the lawsuit sought preliminary approval Thursday for the proposed deal, which would resolve class action claims facing Patterson and its former chief executive in the U.S. District Court for the District of Minnesota, where Judge Michael J. Davis is presiding over the case.

The agreement also provides for attorneys’ fees totaling up to one-third of the settlement, or around $21 million, along with ...