XRAY - Investors who lost money with DENTSPLY SIRONA Inc. (NASDAQ: XRAY) shares should contact the Shareholders Foundation in connection with Lawsuit

PR Newswire

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 mail@shareholdersfoundation.com 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
mail@shareholdersfoundation.com
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.

SOURCE Shareholders Foundation, Inc.