Dentsply Sirona, Inc. (NASDAQ: XRAY)

DEFENDANT NAME: Dentsply Sirona, Inc.
STOCK SYMBOL: NASDAQ: XRAY
CASE NUMBER:
COURT:
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD:
LEAD PLAINTIFF DEADLINE:
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 XRAY@hbsslaw.com

Hagens Berman alerts investors in Dentsply Sirona, Inc. (NASDAQ: XRAY) to the firm’s investigation into possible securities law violations.

If you purchased or otherwise acquired securities of XRAY before October 3, 2017 and suffered losses contact XRAY@hbsslaw.com.

On August 9, 2017, Dentsply Sirona announced in its Form 10-Q filing that the SEC’s Division of Enforcement “has asked the Company to provide documents and information concerning the Company’s accounting and disclosures, including its accounting and disclosures relating to transactions with a significant distributor of the Company.”  In reaction, Dentsply Sirona’s share price fell $5.18, or 8.4%, to close at $56.23 on August 9, 2017.

On October 2, 2017, Dentsply Sirona announced that three top executives tendered their resignations: CEO Jeffrey Slovin, Executive Chairman Bret Wise, and President and Chief Operating Officer Christopher Clark.  This news drove the price of Dentsply Sirona shares down $3.48, or 5.8%, to close at $56.33 on October 2, 2017.

The next day, The Wall Street Journal reported the Company’s board forced these executives out.

“We’re focused on the matters triggering the SEC’s inquiry, the extent of improper accounting if any, and the possible roles of the recently-departed executives,” said Hagens Berman partner Reed Kathrein.

Whistleblowers: Persons with non-public information regarding Dentsply Sirona should consider their options to help in the investigation or take advantage of the SEC Whistleblower Program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email XRAY@hbsslaw.com.


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10/05/17: Investigation