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Class Action Lawsuit Against Dentsply Sirona Inc.

Levi & Korsinsky, LLP has notified shareholders of Dentsply Sirona Inc. (NASDAQ: XRAY) about a class action lawsuit related to allegations of securities fraud. This suit seeks to compensate investors who experienced losses due to the company's actions from December 1, 2022, to November 6, 2024.

Background of the Lawsuit

The complaint against Dentsply includes various claims asserting that the company misled its investors regarding its operations and the safety of its products, particularly its direct-to-consumer aligner service, named Byte. The allegations indicate that Dentsply targeted individuals from low-income backgrounds who lacked proper access to dental care. As a result of this outreach, many patients who enrolled for Byte services had undiagnosed dental conditions that should have precluded them from receiving treatment.

Furthermore, sales efforts that prioritized rapid company growth led to unethical practices by sales staff, pressuring them to overlook the suitability of patients for the product. Consequently, this contributed to a larger issue wherein numerous reports of patient injuries surfaced over time, which Dentsply allegedly failed to appropriately address.

The lawsuit highlights seven main allegations:
1. Dentsply misrepresented its service offerings and the safety of its products.
2. The company faced a surge in injury complaints linked to Byte aligners but did not notify the FDA as required.
3. There were deficiencies in the patient onboarding process, leading to contraindicated patients receiving treatment.
4. Dentsply was aware of the adverse incidents yet failed to initiate proper investigations.
5. The goodwill value claimed by Dentsply for its Byte operations was significantly inflated.
6. Positive remarks by Dentsply regarding its operational outlook were baseless and misleading.
7. Dentsply’s failure to maintain compliance with safety reporting requirements exacerbated its legal liability.

Next Steps for Affected Investors

Investors who experienced losses during this class period have the opportunity to get involved before the deadline on January 27, 2025. Those interested in filing as lead plaintiffs need to affirm their intention by this date. However, participating does not necessitate serving as a lead plaintiff for compensation eligibility.

No Costs for Participation

For affected shareholders, Levi & Korsinsky clarifies that involvement in this class action entails no liability for legal fees. This means that any compensation recovering losses does not require out-of-pocket expenses, negating any worries related to the financial burden of taking action against the company.

Why Choose Levi & Korsinsky

Having worked for over two decades in securities litigation, Levi & Korsinsky has earned a reputation for advocating shareholder rights, securing over hundreds of millions of dollars in settlements throughout their history. The firm is featured among the top securities litigation firms, according to ISS Securities Class Action Services.

If you are a current or former shareholder of Dentsply Sirona and feel that you have been affected by these issues, you can connect with Levi & Korsinsky to understand your rights and options moving forward.

Contact Information

For more information about this class action lawsuit, you can reach out to:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com