GlobeNewswire Inc | Feb 24, 2021 10:00AM EST

February 24, 2021

PHILADELPHIA, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Dentsply Siorona Inc. (Dentsply or the Company) (NASDAQ: XRAY) on behalf of the Companys stockholders.

Recently a securities fraud complaint was filed against Dentsply in federal court on behalf of investors who purchased shares of the Companys stock between February 20, 2014 and August 7, 2018. According to the complaint, during that time period Dentsply and certain of the Companys senior executive officers engaged in a years-long scheme to conceal from the market the Companys true financial and operating condition.

As further alleged in the complaint, Dentsplys investors learned the truth about the Companys financial condition through a series of corrective disclosures that revealed: (i) the dire impact of the inventory backlog caused by the minimum purchase requirements on the Companys revenues, margins and earnings; (ii) that the SEC had opened an investigation into the Companys accounting and disclosures relating to transactions with a significant distributor of the Company; and (iii) billion dollar impairments to the Companys goodwill that resulted from the inventory backlog. In total, following the relevant disclosures of the fraud, Dentsply Sironas stock price declined over 45% in value from its Class Period high.

The firms investigation seeks to determine whether the members of Dentsplys board of directors breached their fiduciary duties to Dentsply and its stockholders in connection with the above alleged misconduct.

Current Dentsply stockholders who purchased or acquired shares of the companys stock prior to August 7, 2018 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 1585, or by email at skaskela@kaskelalaw.com or online at https://kaskelalaw.com/case/dentsply/, to discuss this investigation and their legal rights and options.

Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

CONTACT:

D. Seamus Kaskela, Esq.KASKELA LAW LLC18 Campus Blvd., Suite 100Newtown Square, PA 19073(484) 258 1585(888) 715 1740www.kaskelalaw.comskaskela@kaskelalaw.com

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