Dentsply Investors Urged to Join Class Action by Levi & Korsinsky Before January Deadline

Class Action Alert for Dentsply Investors

Levi & Korsinsky, LLP recently notified investors about ongoing legal action against Dentsply Sirona Inc. (NASDAQ: XRAY), urging those potentially affected to take action before the upcoming deadline. A class action lawsuit has been filed to recover losses for investors who suffered as a result of alleged securities fraud occurring between May 6, 2021, and November 6, 2024.

Understanding the Case

The complaint outlines several concerning claims regarding Dentsply’s business practices, especially in relation to its Byte product. It alleges that Dentsply misled investors by failing to disclose significant risks associated with its direct-to-consumer aligner solution. Reports indicate that vulnerable populations, lacking access to essential oral health services, were targeted for these products, often leading to significant health concerns.

The lawsuit specifically mentions that:
1. Dentsply marketed its services to individuals without proper dental care or insurance.
2. Sales strategies incentivized employees to sell to patients for whom treatment might not be appropriate.
3. There was a notable increase in reports related to injuries caused by Byte aligners, which the company reportedly ignored.
4. Dentsply failed to inform the FDA about these adverse effects within the legally required timeframe.

Due to these factors, the lawsuit asserts that Dentsply significantly inflated the goodwill value attributed to Byte, leading to false and misleading statements about the company’s performance and future prospects.

What Affected Investors Should Know

Investors who held shares of Dentsply Sirona during the specified period have until January 27, 2025, to request appointment as lead plaintiff. It’s important for affected shareholders to understand that participation in recovering losses does not necessitate serving in this lead position. Even if individuals chose not to take on this role, they can still benefit from any compensation that results from the lawsuit.

The law firm underscores that for original class members, there are no out-of-pocket costs associated with joining the lawsuit. This is an essential opportunity for those who may feel they've been misled or harmed by the company's business practices.

Why Choose Levi & Korsinsky

With over two decades of experience in advocating for shareholders, Levi & Korsinsky has a proven track record in winning complex securities litigation cases. Their team has secured substantial financial recoveries for clients and ranks among the top securities litigation firms in the United States, according to ISS Securities Class Action Services.

If you believe you are among those impacted by Dentsply's actions, now is the time to act. Reach out to Levi & Korsinsky for more information and support in navigating this complex legal process. The firm offers a detailed overview of the situation and how investors can participate, which can be accessed through their official website.

For direct inquiries, affected individuals can contact Joseph E. Levi at (212) 363-7500 or via email. To learn more about joining the class action, please visit the provided link for submissions.

Conclusion

The unfolding situation with Dentsply Sirona Inc. serves as a stark reminder of the challenges investors face. As the deadline approaches, stakeholders must consider their options carefully and be vigilant regarding their rights as shareholders. The ongoing support from legal experts such as Levi & Korsinsky is crucial in these challenging times for affected investors.