Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, announces that it is investigating Dentsply Sirona Inc. ("Dentsply Sirona" or the "Company") (NASDAQ: XRAY) for potential violations of the federal securities laws.
On April 19, 2022, before market hours, Dentsply Sirona announced that the Company's Chief Executive Officer had been terminated, effective immediately, and will "cease to serve as a member of the Company's Board."
On this news, Dentsply Sirona's stock fell $6.52, or 13%, to close at $42.20 per share on April 19, 2022, on unusually heavy trading volume, damaging investors.
Then, on May 10, 2022, before market hours, the Company stated that it could not timely file its first quarter 2022 quarterly report due to "an internal investigation of allegations regarding certain financial reporting matters." Specifically, the investigation concerned "the Company's use of incentives to sell products to distributors in the third and fourth quarters of 2021 and whether those incentives were appropriately accounted for and the impact of those sales was adequately disclosed."
On this news, Dentsply Sirona's stock price fell $2.87 per share, or 7%, to close at $36.38 per share on May 10, 2022, on unusually heavy trading volume, further damaging investors.
If you currently own stock or options in Dentsply Sirona Inc. and suffered a loss, click here to participate.
If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at david@labaton.com.
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, corporate governance and shareholder rights, consumer, and cybersecurity and data privacy litigation, as well as whistleblower representation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220603005332/en/
Contacts
David J. Schwartz
(800) 321-0476
david@labaton.com
