Law firm investigating Dentsply Sirona for securities fraud claims: 6 things to know

Dental supply company Dentsply Sirona is currently being investigated by the Bernstein Liebhard law firm for possible violations of federal securities law violations.

Six things to know:

1. The law firm is investigating allegations that Dentsply Sirona might have issued misleading information to the investing public, according to a May 11 news release. 

2. On April 19, Dentsply Sirona announced that its then CEO Don Casey had been terminated and replaced with John Groetelaars as interim CEO. 

3. On May 10, the company released its preliminary financial results for the first quarter of 2022, showing a decrease in net sales, net income and adjusted earnings.

4. In the report, Dentsply Sirona shared that it was unable to file its quarterly report on the Securities and Exchange Commission's Form 10-Q because of an ongoing internal investigation by its audit and finance committee that launched in March. 

5. The internal investigation is focusing on allegations regarding financial reporting matters submitted by current and former employees of the company. 

6. Dentsply Sirona said May 10 that it cannot predict the duration or outcome of the investigation.

When contacted by Becker's, Marion Par-Weixlberger, vice president of corporate communications and public relations for Dentsply Sirona, said the company had no comment.

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