SAN FRANCISCO, Oct. 6, 2017 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors that it is investigating Dentsply Sirona, Inc. (NASDAQ: XRAY) for possible securities law violations. If you purchased or otherwise acquired securities of Dentsply Sirona before October 3, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing
On August 9, 2017, Dentsply Sirona announced in its Form 10-Q filing 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." In reaction, Dentsply Sirona's share price fell $5.18, or 8.4%, to close at $56.23 on August 9, 2017.
On October 2, 2017, Dentsply Sirona announced that three top executives tendered their resignations: CEO Jeffrey Slovin, Executive Chairman Bret Wise, and President and Chief Operating Officer Christopher Clark. This news drove the price of Dentsply Sirona shares down $3.48, or 5.8%, to close at $56.33 on October 2, 2017.
The next day, The Wall Street Journal reported the Company's board forced these executives out.
"We're focused on the matters triggering the SEC's inquiry, the extent of improper accounting if any, and the possible roles of the recently-departed executives," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Dentsply Sirona should consider their options to help in the investigation or take advantage of the SEC Whistleblower Program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email XRAY@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 11 offices across the country. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Reed Kathrein, 510-725-3000
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SOURCE Hagens Berman Sobol Shapiro LLP