#United States #Kessler Topaz #Securities Fraud #Radnor #Dentsply Sirona

DENTSPLY SIRONA Inc. Faces Class Action Lawsuit

On December 30, 2024, the law firm Kessler Topaz Meltzer & Check, LLP announced the filing of securities class action lawsuits against DENTSPLY SIRONA Inc. (NASDAQ: XRAY). This action primarily targets investors who purchased DENTSPLY stock during the class period spanning from May 6, 2021, to November 6, 2024. The deadline for appointing a lead plaintiff in this class action is set for January 27, 2025.

Background of the Lawsuit

According to the information released, the lawsuit claims that DENTSPLY SIRONA engaged in a series of false and misleading practices that resulted in substantial losses for investors. The allegations primarily focus on the company’s dental aligner product, Byte, which DENTSPLY reportedly marketed to low-income individuals lacking access to proper dental care.

The complaints highlight several key issues:
1. Targeting Vulnerable Consumers: The lawsuits allege that DENTSPLY knowingly targeted low-income consumers who often had existing dental problems, making them unsuitable for treatment with Byte.
2. Sales Practices: Reports claim the aggressive sales approach pressured employees to sell Byte aligners, disregarding the health concerns of potential customers, leading to contraindicated sales.
3. Injury Reports Ignored: According to claims, DENTSPLY was aware of multiple injury reports involving its Byte product and failed to properly investigate these incidents or adequately communicate with the FDA about these serious issues.
4. Overvaluation: The ramifications of this misconduct purportedly led DENTSPLY to overstate the goodwill value associated with Byte.

The consequences of these alleged actions have left many investors questioning DENTSPLY SIRONA's integrity and trustworthiness as a company.

Lead Plaintiff Process

Investors affected by the alleged fraud are encouraged to engage with Kessler Topaz Meltzer & Check, LLP. Those wishing to be lead plaintiffs will have until January 27, 2025, to indicate their interest. A lead plaintiff acts on behalf of all class members and usually possesses the largest financial interest in the case.

It is essential for potential lead plaintiffs to understand that opting to serve in this capacity does not impact their ability to participate in any potential recovery from the lawsuit, regardless of their decision.

How to Get Involved

DENTSPLY SIRONA investors who suspect they may have suffered significant financial losses due to these actions can reach out to Kessler Topaz Meltzer & Check, LLP for further assistance or to sign up for the class action.

For more information about this case or to determine your eligibility, visit the link provided by the firm: Kessler Topaz Meltzer & Check, LLP.

This class action highlights the increasing attention regulatory bodies and investors are placing on corporate ethics, especially within sectors like healthcare, where consumer safety and welfare take precedence.

About Kessler Topaz Meltzer & Check, LLP

Kessler Topaz Meltzer & Check, LLP has garnered a solid reputation for representing investors in class action lawsuits across various sectors. With a commitment to protecting the interests of consumers, employees, and investors against corporate misconduct, the firm continues to advocate for transparency and accountability in business practices.

In light of these developments, affected investors are urged to remain vigilant and informed about their rights and the potential implications of the ongoing legal proceedings against DENTSPLY SIRONA Inc.