#USA #New York #Class Action #Dentsply Sirona #XRAY

Dentsply Sirona Inc. Class Action Lawsuit Overview

In a recent announcement, The Gross Law Firm has urged investors of Dentsply Sirona Inc. (NASDAQ: XRAY) to take action regarding a forthcoming class action lawsuit. Shareholders who acquired XRAY shares during a specified period have until January 27, 2025, to register as potential lead plaintiffs. This case arises from serious allegations concerning the company’s practices, particularly related to its Byte aligner product line.

Key Allegations

The complaint details several serious claims against Dentsply Sirona, highlighting inaccuracies and failures in their disclosure practices. Primarily, the allegations assert that the company:

1. Targeted low-income individuals who lacked access to essential dental care, potentially leading to eligibility issues for the Byte treatment.
2. Focused excessively on sales growth, which resulted in employees selling aligners to patients who were not suitable for the product.
3. Lacked sufficient screening measures to ensure contraindicated patients did not enter treatment.
4. Received numerous reports of patient injuries related to the Byte aligners but failed to investigate or notify the FDA adequately.
5. Did not have appropriate systems in place for reporting adverse events to the FDA as legally required, resulting in serious injuries to patients that went unreported for years.
6. Misrepresented the goodwill value of Byte, misleading investors with false and overly optimistic statements about business performance and future prospects.

These allegations suggest that the company misled investors about the stability and safety of its products, raising concerns about the integrity of Dentsply’s operations.

What Should Shareholders Do?

All shareholders of Dentsply Sirona who purchased stocks during the class period from May 6, 2021, to November 6, 2024, are encouraged to seek further information and consider registration. While securing lead plaintiff status is optional for participating in any potential recovery, it is crucial for affected investors to express their interest promptly.

To register, shareholders can visit the Gross Law Firm's secure portal dedicated to this case. Once registered, participants can opt into a portfolio monitoring system that provides updates throughout the case's developments, ensuring they stay informed.

Deadline for Participation

The critical deadline for interested shareholders to file for lead plaintiff is set for January 27, 2025. As time is of the essence, those who have been impacted by the company’s alleged practices should not delay in registering their interest in the lawsuit.

Why Choose The Gross Law Firm?

The Gross Law Firm boasts a strong reputation as a nationally recognized class action law firm committed to protecting investor rights. Their mission encompasses holding corporations accountable for misleading practices and ensuring that responsible corporate citizenship prevails in business endeavors. With a solid track record in securities litigation, the firm aims to recover losses for investors who faced unjust circumstances due to corporate malpractice.

Conclusion

This pending class action against Dentsply Sirona serves as a timely reminder of the importance of corporate accountability and transparent communication. Shareholders are encouraged to act swiftly by registering for potential participation in this significant legal proceeding. For more detailed information, you can visit the Gross Law Firm’s website or engage with them directly via their contact methods listed in the release.