Robbins Arroyo LLP: Dentsply Sirona, Inc. (XRAY) Misled Shareholders According to a Recently Filed Class Action

SAN DIEGO & YORK, Pa.--()--Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Dentsply Sirona, Inc. (NasdaqGS: XRAY) have filed a class action complaint against the company's officers and directors for alleged violations of the Securities Act of 1933 pursuant to Dentsply International's February 2016 acquisition of and merger with Sirona. Dentsply Sirona, Inc. designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide.

View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/dentsply-sirona-inc

Dentsply Accused of Misrepresenting Its Financial Prospects in its Offering Documents

According to the complaint, Dentsply's registration statement failed to inform investors of risks that had materialized at the time of the acquisition. First, Dentsply's reported sales, net income, and goodwill were already artificially inflated by outsized sales and profit margins derived from an illicit price-gouging scheme among its largest distributors, Patterson Companies, Inc. ("Patterson") and Henry Schein, Inc. Second, discovery of this scheme would risk that these distributors would cancel Dentsply's exclusive distribution contracts. On August 9, 2017, Dentsply reported an over $1 billion net loss resulting from a massive goodwill impairment charge, resulting in Dentsply losing its exclusive distribution contract with Patterson, which had recently been sued for anticompetitive price-gouging. Dentsply also disclosed that it was being investigated by the SEC regarding the company's accounting and disclosures related to transactions with a distributor. Dentsply is currently trading at around $44 per share, which represents a decline of over 27% since the acquisition.

Dentsply Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Robbins Arroyo LLP
Leonid Kandinov
(619) 525-3990 or Toll Free (800) 350-6003
LKandinov@robbinsarroyo.com
www.robbinsarroyo.com

$Cashtags

Contacts

Robbins Arroyo LLP
Leonid Kandinov
(619) 525-3990 or Toll Free (800) 350-6003
LKandinov@robbinsarroyo.com
www.robbinsarroyo.com