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LOS ANGELES, May 10, 2022 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Dentsply Sirona Inc. (“Dentsply” or the “Company”) (NASDAQ: XRAY) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: email@example.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
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.”
Then on May 10, 2022, the Company announced that it has commenced an internal investigation following allegations from current and former employees around the company’s use of incentives to sell products to distributors in 3Q and 4Q 2021. The Company investigating whether: “Whether those incentives were appropriately accounted for and the impact of those sales was adequately disclosed to the SEC,” and “Allegations that certain former and current members of senior management directed the company’s use of those incentives and other actions to achieve executive compensation targets in 2021.”
On this news, Dentsply’s stock fell thereby injuring investors.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar