DENTSPLY SHAREHOLDER ALERT BY – GuruFocus.com
NEW ORLEANS, June 24, 2022 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF Partner, former Attorney General of Louisiana, Charles C. Foti, Jr.remind investors that they have untilAugust 1, 2022 to file lead plaintiff claims in a securities class action lawsuit against Dentsply Sirona, Inc. (NasdaqGS: XRAY), if they purchased the company’s stock between June 9, 2021 and May 9, 2022, inclusive (the “Class Period”). This action is in progress in United States District Court for the Southern District of Ohio.
What you can do
If you have purchased shares of Dentsply and would like to discuss your legal rights and how this matter may affect you and your right to recover your economic loss, you may, at no obligation or cost to you, contact the KSF managing partner, Lewis Kahn, toll-free. at 1-877-515-1850 or by email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-xray/ to learn more. If you wish to act as lead plaintiff in this class action, you must submit a motion to the court in August 1, 2022.
About the trial
Dentsply and certain of its officers are accused of failing to disclose material information during the Class Period, in violation of federal securities laws.
On April 19, 2022the Company announced the sudden termination of the CEO Donald Casey “effective immediately.” On this news, Dentsply shares fell $6.52 per share, i.e. 13%, of $48.72 per share at $42.20 per share. Then, on May 10, 2022the company disclosed an ongoing investigation by the board’s audit and finance committee, an outside attorney and an accounting firm into whether “former and current members of the executives” used inappropriate means to achieve executive compensation targets and other financial reporting matters, which prevented the Company from timely filing its Form 10-Q for the first quarter ended March 31, 2022. On this news, Dentsply shares fell $2.87 per share, i.e. 7%, of $39.25 per share at $36.38 per share.
The case is City of Miami General Employees’ & Sanitation Employees’ Retirement Trust v. Casey, Jr. No. 2:22-cv-02371.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – in seeking recoveries for investment losses resulting from corporate fraud or malfeasance by listed companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you can visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis KahnManaging partner
1100 Poydras Street, Suite 3200
New Orleans, LA 70163
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