The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Dentsply Sirona Inc. (NASDAQ: XRAY) who purchased common stock between June 9, 2021, and May 9, 2022, inclusive. The action, which was filed in the United States District Court for the Southern District of Ohio, alleges that the Company violated federal securities laws.
In particular, the Dentsply Sirona Inc. lawsuit alleges that defendants orchestrated a scheme to inflate Dentsply’s revenue and earnings by manipulating the Company’s accounting for a distributor rebate program so that senior executives would be eligible for significant cash and stock-based incentive compensation. In order to facilitate this scheme, Dentsply and its executives made numerous false and misleading statements to investors during the class period. As a result of defendants’ misrepresentations, Dentsply’s common stock traded at artificially inflated prices during the class period.
Shareholders have until August 1, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.