Recent Security Class Actions

DENTSPLY SIRONA Inc. Common Stock (NASDAQ: XRAY)

Company Name:DENTSPLY SIRONA Inc. Common Stock
Stock Symbol:NASDAQ: XRAY
Class Period Start:06/09/2021
Class Period End (inclusive):05/09/2022

On April 19, 2022, the Company disclosed the sudden termination of CEO Donald Casey “effective immediately.”  On this news, shares of Dentsply fell by $6.52 per share, or 13%, from $48.72 per share to $42.20 per share.  Then, on May 10, 2022, the Company disclosed an ongoing investigation by the Audit and Finance Committee of the Board of Directors, outside counsel and a forensic accounting firm into whether “former and current members of senior management” used improper means to achieve executive compensation goals and other matters relating to financial reporting, which resulted in the Company being unable to timely file its Form 10-Q for the first quarter ended March 31, 2022.  On this news, shares of Dentsply fell by $2.87 per share, or 7%, from $39.25 per share to $36.38 per share.