United Kingdom  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

DENTSPLY SIRONA, INC. INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York against Dentsply Sirona, Inc.

GlobeNewswire Thursday, 27 December 2018
Lead Plaintiff Deadline is February 19, 2019

NEW YORK, Dec. 27, 2018 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of investors that purchased or otherwise acquired Dentsply Sirona, Inc. ("Dentsply" or the "Company") (NASDAQ: XRAY) between February 20, 2014 through August 7, 2018, inclusive (“Class Period”).*Investors who have incurred losses in the shares of Dentsply Sirona, Inc., and/or currently own shares,* *a**re urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com. *

If you have incurred losses in the* shares of Dentsply Sirona, Inc.,* *you may,* *no later than **February 19, 2019, *request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in *Dentsply Sirona, Inc.*

## Follow the firm and learn about newly filed cases on Twitter and Facebook. ##

On August 9, 2017, Dentsply Sirona disclosed that the U.S. Securities and Exchange Commission ("SEC") had opened an investigation into the "Company's accounting and disclosures, including its accounting and disclosures relating to transactions with a significant distributor of the Company." In addition, Dentsply Sirona reported second quarter 2017 earnings that missed the lowest analyst estimates, cut its full-year guidance by over 5%, and recorded a non-cash goodwill impairment charge of $1.2 billion as a result of an "increase in competition" and the resulting impact on revenues and margins.

In response to these disclosures, Dentsply Sirona's share price fell $5.18, or 8.4%, declining from $61.41 per share on August 8, 2017 to close at $56.23 per share on August 9, 2017. 

Subsequently, on October 2, 2017, Dentsply Sirona unexpectedly announced the departure of its three top executives, Chief Executive Jeffrey Slovin, Chief Operating Officer Christopher Clark, and Executive Chairman Bret Wise. On this news, Dentsply Sirona shares fell another $3.48, or 5.8%, declining from $59.81 per share on September 29, 2017 to close at $56.33 per share on October 2, 2017. 

On May 6, 2018, Dentsply Sirona disclosed additional information revealing the impact of the antitrust conspiracy on the Company's financial results, reporting that organic revenue growth for the first quarter of 2018 was down 1.4%, driven largely by a 7.6% decline in the U.S. market. Dentsply Sirona also reported that on a segment basis, consumables declined 1.3% year-over-year, while equipment declined 1.6% year-over-year. As a result, the Company announced that it was reducing its 2018 guidance by $0.15 per share for the second time in nine months.

Dentsply Sirona's stock price fell $5.52, or 11%, over the next two trading days, declining from $49.99 per share on May 4, 2018 to close at $44.47 per share on May 8, 2018. 

Finally, on August 7, 2018, Dentsply Sirona announced another goodwill impairment charge of $1.27 billion and cut full year earnings guidance by approximately 20% due to continued significant destocking of product by its partner dealers.

On this news, Dentsply Sirona shares declined $9.03, or 18.6%, to close at $39.41 on August 7, 2018, its lowest price since 2013.

Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

## Follow the firm and learn about newly filed cases on Twitter and Facebook. ##


Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

Attorney Advertising. Prior results do not guarantee or predict a similar outcome.

Recent related news from verified sources

U.S. top court undermines Google settlement in internet privacy case

WASHINGTON - The U.S. Supreme Court on Wednesday cast doubt on a $8.5 million settlement Google had agreed to pay to end an internet privacy dispute, directing a...

American Manganese Files C-I-P Patent Application for Lithium-Ion Battery Recycling

American Manganese Files C-I-P Patent Application for Lithium-Ion Battery Recycling
*SURREY, BC** **/ ACCESSWIRE / March 20, 2019 /* Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. ("American Manganese" or "AMY"...

The San Diego Employment Law Attorneys at Blumenthal Nordrehaug Bhowmik De Blouw LLP Sue Freetime, Inc., for Allegedly Failing to Pay Overtime Wages

The class action lawsuit against Freetime, Inc., alleges the company failed to pay their employees the correct amount of overtime wages and further claims that...

Weekend Unlimited CEO cites cannabis demographics at CannaGather event

Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) CEO Paul Chu addressed topics at the CannaGather event in New York City, including demographics and the cannabis...
Proactive Investors

You Might Like

Tweets about this

Other recent news in Press Releases

Insight From Cynthia Telles on the Impacts of Obesity on HEALTHAlchemist Mining Announces Definitive Agreement to Purchase Oddyssee SOFTWARE Platform and Share Consolidation
Jaguar Completes Filing of CMC Technical SECTION with FDA for Use of Canalevia for Treatment of Chemotherapy-Induced Diarrhea in DogsCA Customers Utilizing ezPaycheck PAYROLL SOFTWARE Get a New Video On Handling Taxes
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.