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Dentsply Sirona Inc. Investigation


The law firm of Kirby McInerney LLP is investigating potential claims against Dentsply Sirona Inc. (“Dentsply” or the “Company”) (NASDAQ: XRAY). The investigation concerns whether Dentsply has violated the federal securities laws and/or engaged in other unlawful business practices.
 
Dentsply is a dental equipment manufacturer and dental consumables producer that markets its products in over 120 countries.
 
On April 19, 2022, Dentsply stated that the Company’s Chief Executive Officer had been terminated, effective immediately, and will “cease to serve as a member of the Company’s Board.” On this news, the price of Dentsply stock declined by $6.52 per share, or approximately 13.38%, from $48.72 per share to close at $42.20 per share on April 19, 2022.
 
Then, on May 10, 2022, the Company stated that it could not timely file its first quarter 2022 quarterly report due to “an internal investigation of allegations regarding certain financial reporting matters.” Specifically, the investigation concerned “the Company’s use of incentives to sell products to distributors in the third and fourth quarters of 2021 and whether those incentives were appropriately accounted for and the impact of those sales was adequately disclosed.” On this news, the price of Dentsply stock declined by $2.87 per share, or approximately 7.3%, from $39.25 per share to close at $36.38 per share on May 10, 2022.
 

Dentsply Sirona Inc. Investor Contact Form