Dentsply Sirona Inc. (NASDAQ: XRAY) – Securities Fraud Claims on Behalf of Dentsply Sirona Inc. Investors
Securities attorneys with Kehoe Law Firm, P.C. are investigating potential securities fraud class action claims on behalf of investors in Dentsply Sirona Inc. (“Dentsply”) stock concerning whether Dentsply and certain of its officers and/or directors may have issued materially misleading statements or engaged in other unlawful business practices in violation of federal or state securities laws.
Dentsply Reports 2Q 2017 Earnings Below Expectations & Discloses SEC Investigation
On August 9, 2017, in a quarterly report filed with the U.S. Securities and Exchange Commission (“SEC”), Dentsply reported second quarter 2017 earnings that fell below expectations and disclosed that the “SEC’s Division of Enforcement has asked the Company to provide documents and information concerning the Company’s accounting and disclosures, including its accounting and disclosures relating to transactions with a significant distributor of the Company.”
Dentsply also announced that it is unable to predict the ultimate outcome of this matter, or whether it will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.
On this news, Dentsply’s stock price fell sharply, $5.18 per share, or 8.44%, to close at $56.23 per share on August 9, 2017, on unusually heavy trading volume.
Have You Purchased or Acquired Dentsply Shares?
If you purchased or acquired Dentsply (NASDAQ: XRAY) common stock or other securities and would like to speak privately with a securities attorney to learn more about the investigation and your potential legal rights, please fill out the form to the right or contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected]; Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected]; or send an e-mail to [email protected].
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors and consumers from corporate fraud, negligence, and other wrongdoing. Driven by a strong and principled sense of social responsibility and obtaining justice for the aggrieved, Kehoe Law Firm, P.C. represents plaintiffs seeking to recover investment losses resulting from securities fraud, breaches of fiduciary duty, corporate wrongdoing or malfeasance, those harmed by anticompetitive practices, and consumers victimized by fraud, false claims, deception or data breaches. Together, the partners of Kehoe Law Firm, P.C. have spent more than 30 years prosecuting precedent-setting securities and financial fraud cases in federal and state courts on behalf of institutional and individual clients.