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Investigations  /  02.11.2019

Shareholder Investigation of Dentsply Sirona

Dentsply Sirona, Inc. (XRAY) 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 Dentsply International Inc. February 2016 acquisition of and merger with Sirona. 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 $42 per share, which represents a decline of over 30% since the acquisition.

If you are a former employee of Dentsply Sirona, Inc. (XRAY) and own stock, please contact us for more information about your rights and potential remedies.

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Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

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