#United States #New York #Class Action #Gross Law Firm #Dentsply Sirona

Dentsply Sirona Inc. Class Action Lawsuit Overview

Dentsply Sirona Inc. (NASDAQ: XRAY) is embroiled in a significant class action lawsuit, attracting attention from shareholders who purchased shares during a specific period. This lawsuit raises serious allegations against the company and has critical implications for its investors.

Key Details of the Lawsuit

The Gross Law Firm has issued a notice urging shareholders of Dentsply Sirona Inc. who acquired shares between May 6, 2021, and November 6, 2024, to participate in the potential class action. The allegations highlight several disturbing issues surrounding the company's operations during this timeframe.

Allegations Against Dentsply Sirona

The complaint brought forth against Dentsply Sirona asserts that the company may have engaged in misleading practices, which includes:
1. Targeting Vulnerable Populations: The lawsuit claims that Dentsply targeted individuals from low-income backgrounds who lacked proper access to dental services, which often led these patients to enroll in Byte—a do-it-yourself aligner solution—despite having underlying dental issues that would preclude them from suitable treatment options.
2. Pressure on Sales Staff: There are accusations that the company incentivized sales employees to prioritize growth and commission over patient well-being, resulting in sales being made to patients who were not qualified for the service.
3. Inadequate Patient Safety Protocols: It has been claimed that the onboarding processes did not adequately screen patients to ensure they were fit for treatment, resulting in numerous reports of serious injuries stemming from the use of Byte aligners.
4. Failure to Report Injuries: A significant allegation is that Dentsply was aware of numerous patient injuries resulting from their products but failed to investigate or alert the FDA, thus neglecting mandatory reporting obligations.
5. Inflated Goodwill Value: The lawsuit also claims that Dentsply’s statements regarding its businesswere materially deceptive and led to an overstated valuation of its Byte brand.

Important Deadlines

The deadline for shareholders wishing to be considered for the role of lead plaintiff in this class action lawsuit is January 27, 2025. Shareholders are encouraged to register as soon as possible to protect their interests. Following registration, participants will be provided with updates throughout the ongoing legal process via portfolio monitoring software.

Next Steps for Concerned Shareholders

For shareholders who may have been impacted, it is imperative to act swiftly. Registration is available without any obligation or cost and can be done through the Gross Law Firm's website. They emphasize that while being a lead plaintiff can offer certain advantages, it is not a prerequisite to possible recovery from this case.

Why Choose The Gross Law Firm?

The Gross Law Firm is recognized nationally for its commitment to making sure investors' rights are upheld. The firm specializes in representing individuals who have suffered due to corporate malpractices, ensuring responsible business conduct within the corporate sector. Their mission focuses on obtaining recovery for clients who have sustained losses due to misleading information or fraud by companies.

For more details or to initiate the registration process, shareholders can directly contact the Gross Law Firm at:

• - Address: 15 West 38th Street, 12th Floor, New York, NY 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

In conclusion, as this lawsuit evolves, shareholders of Dentsply Sirona Inc. must remain proactive to safeguard their investments and interests against the backdrop of these significant allegations.