Dentsply Sirona shareholders allege misleading financial statements, stock price inflation

Dentists

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Various Dentsply Sirona shareholders allege the dental manufacture inflated stock prices, according to Legal News Line.

Here's what you need to know:

1. The shareholders filed the lawsuit Dec. 19, 2018, alleging Dentsply Sirona violated the Securities Exchange Act.

2. In the lawsuit, shareholders claim Dentsply Sirona provided misleading financial statements to inflate stock prices between Feb. 20, 2014 and Aug. 7, 2018.

3. The shareholders allege Dentsply Sirona devised a plan to deceive shareholders and potential investors, causing the plaintiffs to purchase stock at inaccurate prices.

"Defendants made materially false and misleading statements and omissions, including statements regarding the acquisition [with Sirona Dental Systems], and engaged in a scheme to deceive the market," the suit states, according to Legal News Line.

4. Additionally, the lawsuit claims when Dentsply Sirona released prior misrepresentations its stock prices dropped significantly.

5. The shareholders are seeking a trial by jury and are asking for compensatory damages, reasonable costs, expenses and equitable or other relief that the court deems reasonable.

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