#USA #New York #Gross Law Firm #Dentsply Sirona #XRAY

Class Action Lawsuit Against Dentsply Sirona Inc.

The Gross Law Firm has issued a crucial notice for investors of Dentsply Sirona Inc. (NASDAQ: XRAY), highlighting the initiation of a class action lawsuit with an imminent deadline for shareholders. This announcement raises significant concerns amongst those who bought shares during the specified class period.

Background of the Lawsuit

The class action lawsuit is centered around several serious allegations against Dentsply Sirona relating to its Byte teeth aligner product line. According to the complaint, the company is accused of issuing materially inaccurate statements and failing to disclose critical information regarding its marketing practices. The allegations posit that Dentsply targeted low-income individuals who lacked proper oral hygiene education, thus enrolling patients in Byte’s direct-to-consumer aligner program without ensuring they were suitable candidates for the treatment.

Additionally, the claim suggests that existing dental issues were overlooked due to aggressive sales tactics, which inadvertently led to contraindicated patients entering into treatment without appropriate evaluations. Reports of Byte patients sustaining injuries have purportedly been rising, and the lawsuit contends that Dentsply was aware of these incidents but neglected due diligence measures to address the underlying causes. Not only did the company allegedly fail to investigate the injuries, but it also did not notify the FDA appropriately as required.

As the complaint unfolds, it becomes evident that Dentsply's assertions about its operations and future prospects were misleading. This situation has raised alarms among shareholders, many of whom may have oversold themselves on the company's goodwill value, influenced by optimistic statements that lacked sufficient backing.

Timeline and Next Steps for Shareholders

For shareholders who have endured losses due to these practices, there is an opportunity for legal recourse. The registration deadline for participating in this class action is set for January 27, 2025. Shareholders within the class period—namely from May 6, 2021, to November 6, 2024—are encouraged to reach out to the Gross Law Firm to potentially secure lead plaintiff status, although participation in the case does not hinge on that appointment.

Upon registration, affected shareholders will benefit from portfolio monitoring software to stay updated on the lawsuit’s developments throughout its progression. The Gross Law Firm assures that there are no costs or obligations associated with participation in this case, ensuring an accessible avenue for investors seeking justice.

Healing for Investors

The Gross Law Firm is well-known for its commitment to prosecuting companies that engage in deceptive practices that undermine the rights of investors. It stands as a representative voice for those negatively impacted by misinformation and aims to hold such companies accountable. Investors are reminded to act promptly, as registration and potential lead plaintiff applications have a firm deadline approaching.

Those interested can find additional information and submit their details through this link: Dentsply Loss Submission Form.

While the lawsuit continues to develop, it exemplifies the importance of transparency and accountability in corporate governance. Stakeholders are urged to stay vigilant and informed about their rights and potential recourse in situations of corporate misconduct.