PR Newswire
SAN DIEGO, May 29, 2024
SAN DIEGO, May 29, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announced an update in the lawsuit that is pending for certain investors in NASDAQ: XRAY shares over alleged securities laws violations by DENTSPLY SIRONA Inc.
Investors, who purchased DENTSPLY SIRONA Inc. (NASDAQ: XRAY) shares in 2021 or earlier and continue to hold any of those NASDAQ: XRAY shares, have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
On June 02, 2022, a lawsuit was filed by an investor in NASDAQ: XRAY shares. over alleged securities laws violations by DENTSPLY SIRONA Inc. The plaintiff alleged that the defendants orchestrated a scheme to inflate the Company's revenue and earnings by manipulating its accounting for a distributor rebate program in order for senior executives to be eligible for significant cash and stock-based incentive compensation, that in order to facilitate this scheme, Dentsply and its executives made numerous false and misleading statements to investors between June 9, 2021 and May 9, 2022, and that as a result of Defendants' misrepresentations, Dentsply's common stock traded at artificially inflated prices between June 9, 2021 and May 9, 2022.
On August 01, 2023, an amended complaint was filed and on October 10, 2023, the defendants filed their motion to dismiss the amended complaint.
On May 01, 2024, the court issued an order granting in part and denying in part defendants' motion to dismiss and gave leave to amend the complaint.
Those who purchased DENTSPLY SIRONA Inc. (NASDAQ: XRAY) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
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SOURCE Shareholders Foundation, Inc.
