Dental supply company Dentsply Sirona agreed to pay $84 million to settle allegations that it misled investors about financial reporting and anti-competitive practices.
The Boynton Beach General Employees’ Pension Plan filed the lawsuit in December 2018, accusing Dentsply Sirona of violating federal securities laws by engaging in anticompetitive practices with other supply distributors. Dentsply Sirona was accused of misrepresenting or failing to disclose these practices in documents filed with the Securities and Exchange Commission.
The settlement was preliminarily approved May 16, according to court documents. A settlement hearing is scheduled for Sept. 10 for final approval.
