NEW
YORK, Dec. 5, 2024 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders
of Dentsply Sirona Inc. (NASDAQ: XRAY).
Shareholders who purchased shares of XRAY during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/dentsply-loss-submission-form/?id=114738&from=4
CLASS PERIOD: December 1,
2022 to November 6, 2024
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (1) Dentsply
targeted low-income people who did not have access to good oral
hygiene education, a dentist, or dental insurance, which often
meant patients signing up for Byte, a DTC aligner solution, had
underlying dental issues that would have made them ineligible for
treatment; (2) the push for Byte growth and sales commissions
caused sales employees to sell to contraindicated patients; (3) as
a result of the above, the Byte patient onboarding workflow did not
provide adequate assurance that contraindicated patients did not
enter treatment; (4) before and during the Class Period, reports of
Byte patient injuries were pouring in; (5) Dentsply knew that its
Byte aligners were causing severe patient injuries for years but
did little to investigate those injuries or notify the FDA; (6)
Dentsply had no systems in place to notify the FDA of these
injuries, which the Company is required to do within 30 days of
learning of a problem; (7) the FDA had received a sharp uptick in
reports of serious injuries from Byte patients; (8) as a result of
the above, Dentsply materially overstated the goodwill value of
Byte; (9) as a result of the above, defendants' positive statements
about the Company's business, operations, and prospects were
materially false and misleading and/or lacked a reasonable basis at
all relevant times.
DEADLINE: January 27, 2025
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/dentsply-loss-submission-form/?id=114738&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of XRAY during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is January 27, 2025. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
