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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 1, 2022 to file lead plaintiff applications in a securities class action lawsuit against Dentsply Sirona, Inc. (NasdaqGS: XRAY).
Dentsply and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On April 19, 2022, the Company disclosed the sudden termination of CEO Donald Casey “effective immediately.” On this news, shares of Dentsply fell by $6.52 per share, or 13%, from $48.72 per share to $42.20 per share. Then, on May 10, 2022, the Company disclosed an ongoing investigation by the Audit and Finance Committee of the Board of Directors, outside counsel and a forensic accounting firm into whether “former and current members of senior management” used improper means to achieve executive compensation goals and other matters relating to financial reporting, which resulted in the Company being unable to timely file its Form 10-Q for the first quarter ended March 31, 2022. On this news, shares of Dentsply fell by $2.87 per share, or 7%, from $39.25 per share to $36.38 per share.
If you purchased shares of Dentsply and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is City of Miami General Employees’ & Sanitation Employees’ Retirement Trust v. Casey, Jr., No. 2:22-cv-02371.