#USA #New York #Class Action #Securities Fraud #Dentsply Sirona

Class Action Lawsuit Against Dentsply Sirona Inc.

Levi & Korsinsky, LLP has reached out to inform investors of Dentsply Sirona Inc. (NASDAQ: XRAY) regarding a significant class action securities lawsuit. This case is primarily relevant to those who faced financial losses potentially due to alleged fraudulent practices by the company during the period from December 1, 2022, to November 6, 2024.

Overview of the Allegations

The central claim of the lawsuit revolves around allegations of securities fraud, where the company purportedly misled investors about the operational integrity and patient care policies associated with its product Byte, a direct-to-consumer (DTC) aligner solution. The complaint articulates several critical points that highlight serious issues faced by the company:

1. Targeting Vulnerable Populations: Dentsply was accused of focusing its sales efforts on low-income individuals lacking access to adequate oral hygiene and not informing them about the appropriateness of the product for their conditions.
2. Aggressive Sales Tactics: Sales commissions pushed employees to sell to patients who weren’t suitable candidates, leading to potential injuries.
3. Inadequate Patient Onboarding: Concerns were raised about the onboarding process not being stringent enough to prevent contraindicated patients from entering treatment.
4. Failure to Address Complaints: Reports of severe injuries from Byte aligners surged, yet Dentsply seemingly ignored these, failing to report them to the FDA within the required time frame.
5. Misrepresentation of Goodwill: The lawsuit asserts that the goodwill value attributed to the Byte product was significantly overstated, based on both the questionable sales practices and the injuries reported.

Important Dates and Next Steps

For parties who experienced losses due to Dentsply Sirona’s actions during the specified timeframe, there’s a crucial deadline looming. You have until January 27, 2025, to file a request to the Court to be appointed as lead plaintiff in this matter. Participation in the recovery does not necessitate taking on the lead role.

The firm emphasizes that if you are a class member, you could be eligible for monetary compensation without incurring out-of-pocket expenses or fees due to the lawsuit.

The Levi & Korsinsky Advantage

With over two decades of experience in the field, the attorneys at Levi & Korsinsky have successfully recovered hundreds of millions for shareholders adversely affected by corporate actions. The firm is notable for handling high-stakes cases in complex securities litigation, supported by a sizable team specializing in these matters. For seven consecutive years, it has been recognized within the Top 50 Report by ISS Securities Class Action Services, underscoring its prominence in this legal domain.

Contact Information

If you believe your investment has been negatively impacted or if you require further information, Levi & Korsinsky encourages you to reach out. You can contact Joseph E. Levi, Esq. through email at email protected] or call directly at (212) 363-7500. The firm’s New York office address is 33 Whitehall Street, 17th Floor, New York, NY 10004. For more details, visit their official website at [www.zlk.com.

Staying informed about securities lawsuits is critical for investors, especially when potential recovery avenues open up. Dentsply shareholders should pay close attention to this developing situation.