Dentsply Sirona Class Action Settlement Approaches Hearing Date with $84 Million Proposed Resolution

Overview



A significant announcement has been made regarding a proposed settlement in the ongoing class action lawsuit involving Dentsply International, Inc. and Dentsply Sirona, Inc. This case, which has garnered considerable attention, is a result of allegations that the companies, alongside some key executives, violated federal securities laws during a specific period.

To summarize, the lawsuit encompasses all individuals who bought or otherwise acquired the common stock of Dentsply International or Dentsply Sirona from December 8, 2015 to August 6, 2018, known as the 'Class Period.' The lead plaintiff, the Strathclyde Pension Fund, representing the affected class, has negotiated a proposed cash settlement amounting to $84 million.

Details of the Class Action



This class action case highlights several critical issues, including whether the defendants made materially false statements or omissions and whether these statements were made with the necessary intent. There are also questions surrounding whether these alleged misstatements resulted in financial losses for class members, and how much damage compensation should be provided, if any.

The defendants, which include Dentsply and several of its senior officers and directors, have firmly denied all allegations against them, asserting that they adhered to federal securities laws throughout the Class Period. Thus, the settlement proposals aim to resolve the disputes without a protracted court battle.

Upcoming Settlement Hearing



A virtual hearing is scheduled for September 10, 2025, presided over by Judge Nina Gershon at the United States District Court for the Eastern District of New York. During this hearing, the court will consider several essential aspects:
  • - Settlement Approval: Whether the $84 million proposed settlement is fair and reasonable.
  • - Class Certification: The court will determine if the action can be certified as a class action specifically for the purposes of this settlement, including the approval of the lead plaintiff and lead counsel.
  • - Case Dismissal: The potential dismissal of the case against the defendants and the granting of the releases described in the settlement agreement.
  • - Plan of Allocation: Whether the proposed plan to fairly distribute the settlement should be approved.
  • - Attorney's Fees: Consideration of the lead counsel’s application for attorney's fees and litigation expenses.

Members of the affected class who wish to provide their input or formal objections regarding the settlement must do so by the deadline of August 20, 2025. The various options for participating in the settlement process, including filing claims or objections, are detailed in the notice provided to class members.

Next Steps for Class Members



Class members who wish to claim compensation must ensure that their claims are submitted by October 7, 2025, or within 30 days from when the final approval of the settlement is granted, whichever comes later. Notably, if individuals fail to submit a proper claim form, they will still be bound by the court's judgment regarding this case but will forfeit their claim to any potential payout.

Additionally, individuals who wish to opt-out of the settlement class must submit a request by August 20, 2025, in compliance with the provided instructions. More information regarding the notice, claim forms, and how to navigate the settlement process can be accessed on the official settlement website.

This impending settlement presents a critical development for all parties involved, and its resolution may set a notable precedent within the securities litigation landscape. Therefore, it is imperative for all affected class members to remain informed and proactive regarding their rights and potential compensatory benefits.

For further assistance or inquiries, class members are encouraged to reach out to the claims administrator or lead counsel directly for any clarifications or guidance on how to proceed.

Topics Financial Services & Investing)

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