The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys’ Fees and Litigation Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional information.
If you are a member of the Settlement Class, your legal rights will be affected whether you act or do not act.
Please read the Notice to fully understand your rights and options.
IF YOU PURCHASED OR OTHERWISE ACQUIRED THE COMMON STOCK OF DENTSPLY INTERNATIONAL, INC. (“DENTSPLY INTL.”) OR DENTSPLY SIRONA, INC. (“DENTSPLY SIRONA”) DURING THE PERIOD FROM DECEMBER 8, 2015 THROUGH AUGUST 6, 2018, INCLUSIVE, WERE DAMAGED THEREBY, AND ARE NOT OTHERWISE EXCLUDED FROM THE SETTLEMENT CLASS, YOU MAY BE ENTITLED TO A PAYMENT FROM A CLASS ACTION SETTLEMENT.
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SUBMIT A CLAIM FORM POSTMARKED OR SUBMITTED ONLINE NO LATER THAN OCTOBER 7, 2025, OR WITHIN THIRTY (30) DAYS AFTER FINAL APPROVAL IS GRANTED TO THE SETTLEMENT, WHICHEVER IS LATER. |
This is the only way to be eligible to receive a payment from the Net Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in ¶ 39 of the Notice) that you have against Defendants and the other Defendants’ Releasees (defined in ¶ 40 of the Notice), so it is in your interest to submit a Claim Form. |
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EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN AUGUST 20, 2025. |
If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Net Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or the other Defendants’ Releasees concerning the Released Plaintiffs’ Claims. |
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OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN AUGUST 20, 2025. |
If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and Litigation Expenses, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation, or the fee and expense request unless you are a Settlement Class Member and do not exclude yourself from the Settlement Class. |
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ATTEND A HEARING ON SEPTEMBER 10, 2025 AT 2:00 P.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN AUGUST 20, 2025. |
Filing a written objection and notice of intention to appear by August 20, 2025 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection. |
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DO NOTHING. |
If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Net Settlement Fund. You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action. |
The Settlement Hearing
The virtual Settlement Hearing will be held on September 10, 2025 at 2:00 p.m., before the Honorable Nina Gershon of the United States District Court for the Eastern District of New York. The Court reserves the right to approve the Settlement, the Plan of Allocation, Lead Counsel’s motion for an award of attorneys’ fees and Litigation Expenses, and/or any other matter related to the Settlement at or after the Settlement Hearing without further notice to the members of the Settlement Class. The Court may adjourn the Settlement Hearing without further notice to the Settlement Class, other than a posting of the adjournment on this website, DentsplySironaSecuritiesLitigation.com. Anyone planning to attend the virtual hearing should consult this website before doing so.
What is this case about?
This Action involves allegations that, during the Settlement Class Period (from December 8, 2015 through August 6, 2018), Dentsply Sirona and the Individual Defendants made material misrepresentations and omissions regarding a build-up of inventory at one of its major distributors. Lead Plaintiff alleges that these alleged misrepresentations and omissions caused the price of Dentsply Intl.’s and Dentsply Sirona’s common stock to be inflated during the Settlement Class Period, and that the price declined when the truth was disclosed through a series of disclosures on August 9, 2017, October 2, 2017, May 6-7, 2018, and August 7, 2018.
The Settlement Benefits
Pursuant to the Settlement, Defendants have agreed to cause $84,000,000 in cash (the “Settlement Amount”) to be paid into an escrow account. The Settlement Amount plus any interest earned thereon is referred to as the “Settlement Fund.” If the Settlement is approved by the Court and the Effective Date occurs, the “Net Settlement Fund” (that is, the Settlement Fund less (a) all federal, state and/or local taxes on any income earned by the Settlement Fund and the reasonable costs incurred in connection with determining the amount of and paying taxes owed by the Settlement Fund (including reasonable expenses of tax attorneys and accountants); (b) the costs and expenses incurred in connection with providing notice to Settlement Class Members and administering the Settlement on behalf of Settlement Class Members; (c) any attorneys’ fees and Litigation Expenses awarded by the Court; and (d) any other costs or fees approved by the Court) will be distributed to Settlement Class Members who submit valid Claim Forms, in accordance with the proposed Plan of Allocation or such other plan of allocation as the Court may approve.
The Net Settlement Fund will not be distributed unless and until the Court has approved the Settlement and a plan of allocation, and the time for any petition for rehearing, appeal or review, whether by certiorari or otherwise, has expired.
Further Information
This website and the Notice (available here) summarize the Settlement. For more details regarding this Settlement please reference the Stipulation and Agreement of Settlement, or other documents filed in the case under the “Court Documents” link on the left. You may also contact the Claims Administrator or Lead Counsel for further information regarding this Settlement:
Claims Administrator:
Dentsply Sirona Securities Litigation
c/o A.B. Data, Ltd.
P.O. Box 173027
Milwaukee, WI 53217
(866) 217-4456
info@DentsplySironaSecuritiesLitigation.com
Lead Counsel:
Michael Toomey
BARRACK, RODOS & BACINE
3300 Two Commerce Square
2001 Market Street
Philadelphia, PA 19103
(877) 386-3304
settlements@barrack.com