#USA #New York #Class Action #Dentsply Sirona #Byte Aligner

Dentsply Sirona Inc. Class Action Overview

Dentsply Sirona Inc. (NASDAQ: XRAY) is currently facing significant legal challenges as a class action lawsuit has been filed against the company. The Gross Law Firm has issued a reminder to the shareholders regarding the upcoming lead plaintiff deadline on January 27, 2025. This notice highlights critical allegations against Dentsply, particularly concerning its direct-to-consumer (DTC) orthodontic product, Byte.

Allegations Details

From May 6, 2021, to November 6, 2024, shareholders believe that Dentsply made misleading statements that failed to disclose serious patient safety risks associated with Byte aligners. Key points of contention include:
1. Targeting Vulnerable Populations: It has been alleged that the company aggressively targeted low-income individuals lacking proper oral hygiene education and dental care options, often leading to unsuitable patients being enrolled for Byte treatments.

2. Improper Sales Practices: Reports suggest that the push for Byte's sales led to sales personnel selling aligners to patients who were not appropriate candidates, raising concerns about patient injuries during treatment.

3. Inadequate Patient Safeguards: Dentsply’s onboarding process is said to have inadequately screened patients, leading contraindicated individuals to receive treatments without due diligence.

4. Negligence on Injury Reports: There were numerous reports of injuries linked to Byte aligners, yet the company reportedly took little action to investigate these claims or notify the FDA appropriately.

5. Failure to Adhere to Safety Regulations: Allegations state that Dentsply lacked the necessary systems to alert the FDA of serious injury reports as per statutory obligations, raising alarming questions about corporate responsibility and patient safety.

6. Misrepresentation of Company Health: The combination of these factors reportedly led to an overstated goodwill value for Byte, undermining statements made by Dentsply regarding their operational stability and future financial prospects.

Next Steps for Shareholders

Shareholders who purchased shares during the class action period are encouraged to register with The Gross Law Firm. They will be provided a portfolio monitoring service that will keep them updated on the litigation's progress. Participation does not require a financial commitment unless shareholders agree to the terms after registration.

Why Choose The Gross Law Firm?

The Gross Law Firm is recognized nationally for its commitment to protecting investor rights against deceitful corporate practices. Their goal is to hold corporations accountable for misleading statements and ensure good governance practices. Investors who believe they have been affected by the company’s actions are urged to connect with the firm to evaluate their rights and potential claims.

Conclusion

As the lead plaintiff deadline approaches, affected investors should act swiftly. The outcome of this lawsuit could set a precedent for how companies manage safety claims and corporate responsibility, particularly in the healthcare market. Shareholders of Dentsply Sirona are advised to follow developments closely as they may affect their financial interests significantly.