Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of Dentsply Sirona Inc. (“Dentsply”) (NASDAQ: XRAY) breached their fiduciary duties to Dentsply and its shareholders. If you are a Dentsply shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or email@example.com.
Scott+Scott is investigating whether members of the Dentsply Board of Directors (the “Board”) made, or caused Dentsply to make, false and/or misleading statements, as well as failed to disclose material adverse facts, about Dentsply’s business, operations, prospects, and financial health. Specifically, Scott+Scott is investigating whether the Board failed to disclose material information, including whether: (i) Dentsply improperly recognized revenue tied to certain dealer incentives or rebate programs to allow its former Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”) to meet certain incentive-based compensation targets ; and (ii) as a result, whether statements about Dentsply’s business, operations, and prospects lacked a reasonable basis.
On April 19, 2022, Dentsply announced the sudden termination of its CEO. On this news, the price of Dentsply shares dropped 13%. On May 10, 2022, Dentsply announced that the Audit Committee of the Board had commenced an internal investigation regarding Dentsply’s “use of incentives to sell products to distributors” and “whether those incentives were properly accounted for.” As a result, Dentsply was unable to file its quarterly report with the SEC. On this news, the price of Dentsply shares dropped 7%.
What You Can Do
If you are a Dentsply shareholder, you may have legal claims against Dentsply’s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at 844-818-6982 or firstname.lastname@example.org.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, and Ohio.
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