#USA #New York #Class Action #Securities Fraud #Dentsply Sirona

Dentsply Sirona Investors Alerted on Class Action Lawsuit

The law firm Levi & Korsinsky, LLP has reached out to investors in Dentsply Sirona Inc. (NASDAQ: XRAY), reminding them of a potential class action lawsuit that could affect their investments. The firm is notifying those affected by suspected securities fraud occurring between December 1, 2022, and November 6, 2024. The deadline for potential lead plaintiffs to step forward is set for January 27, 2025.

Overview of the Lawsuit

The class action lawsuit claims that Dentsply Sirona misrepresented and concealed key facts that led investors to suffer losses. Allegations state that the company marketed dental products targeting low-income individuals lacking access to comprehensive dental care. Many of these patients, who were directed to the company's direct-to-consumer Byte aligner solution, may have had underlying dental issues which made them ineligible for treatment.

As outlined in the case details, Dentsply allegedly prioritized sales growth and commissions over patient safety, resulting in serious injuries to Byte users. Reports indicate a significant increase in patient injury claims, which the company failed to address properly. Furthermore, allegations suggest that the company knowingly omitted crucial safety referrals to the FDA, despite being legally required to report such incidents.

Implications for Investors

Investors who may have incurred losses due to Dentsply's alleged misconduct have until January 27, 2025, to request the court to consider them as lead plaintiffs in this lawsuit. Importantly, participating in this class action may allow investors to claim compensation without any financial liability or obligation to provide up-front payment.

Levi & Korsinsky has built a solid reputation in representing shareholders in complex securities litigation, recovering substantial amounts for those affected by corporate wrongdoing. Their experience and resources include a dedicated team focused on advocating for investor rights.

Next Steps for Affected Investors

For those who believe they were negatively impacted, it's vital to take action promptly. Dentsply investors can visit Levi & Korsinsky’s website or contact the firm directly via phone or email to receive further information about this lawsuit. Notably, those intending to serve as lead plaintiffs do not have to take on additional costs related to the proceedings.

Potential claimants are encouraged to review the circumstances of their investments in Dentsply during the relevant time frame and assess whether they were indeed misled by the company’s representations. The opportunity to join this significant legal effort may be crucial in seeking justice and restitution.

Conclusion

In light of these revelations, Dentsply Sirona's management and investors are facing monumental scrutiny as the impending class action suit moves forward. Investors are urged to stay informed and vigilant about their rights, which may include participating in this collective legal action. Levi & Korsinsky continues to advocate for the best interests of shareholders, standing firm against corporate misrepresentation.

For more detailed information about the lawsuit or to determine eligibility for participation, affected investors can reach out to Joseph E. Levi at Levi & Korsinsky, LLP.