NEW
YORK, Dec. 16, 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=116405&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=116405&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