Dentsply and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 7, 2018, the Company revealed a wide range of negative information to investors, including that it was the subject of an investigation by the Securities and Exchange Commission; that three of its top executives were stepping down; it was lowering its guidance, and recording a significant goodwill impairment charge.
On this news, the price of Dentsply’s shares plummeted.
The case is Boynton Beach General Employees’ Pension Plan v. Dentsply Sirona, Inc. et al, 18-cv-07253.
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 19, 2019 to file lead plaintiff applications in a securities class action lawsuit against Dentsply Sirona, Inc. (NasdaqGS: XRAY), if they purchased the Company’s shares between February 20, 2014 and August 7, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of New York.
What You May Do
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 (lewis.kahn@ksfcounsel.com), or click here to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by February 19, 2019.
About the Lawsuit
Dentsply and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 7, 2018, the Company revealed a wide range of negative information to investors, including that it was the subject of an investigation by the Securities and Exchange Commission; that three of its top executives were stepping down; it was lowering its guidance, and recording a significant goodwill impairment charge.
On this news, the price of Dentsply’s shares plummeted.
The case is Boynton Beach General Employees’ Pension Plan v. Dentsply Sirona, Inc. et al, 18-cv-07253.
