Dentsply Sirona Inc. Investors: Class action lawsuit filed on behalf of investors; the Portnoy … | News
Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, June 20, 2022 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Dentsply Sirona Inc. (NASDAQ: XRAY) investors that a class action has been filed on behalf of investors. Dentsply investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], 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.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants orchestrated a scheme to inflate Dentsply’s revenue and earnings by manipulating its accounting for a distributor rebate program in order for senior executives to be eligible for significant cash and stock-based incentive compensation; (2) in order to facilitate this scheme, Dentsply and its executives made numerous false and misleading statements to investors during the Class Period; (3) accordingly, Dentsply’s financial statements were not prepared in accordance with GAAP and SEC rules, and Dentsply’s internal controls over financial reporting were deficient throughout the Class Period; and (4) as a result of defendants’ misrepresentations, Dentsply’s common stock traded at artificially inflated prices during the Class Period. As a result of the foregoing, when the true details entered the market, the lawsuit claims that investors suffered damages.
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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 aggregated investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
310-692-8883
www.portnoylaw.com
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