Levine Lee represented a former Chief Financial Officer of Dentsply Sirona, Inc., in a putative federal class action securities litigation brought in the Southern District of New York against seven different defendants.  Plaintiffs’ Amended Complaint brought claims against defendants for alleged misrepresentations, scheme liability, and control person liability under Sections 10(b) and 20(a) of the Exchange Act relating to Dentsply’s former “Byte” clear aligners business line.

Ultimately, in a complete victory, the Court granted Levine Lee’s motion to dismiss in its entirety, dismissing all claims against our client.   While the Court allowed the case to proceed against all other defendants, the Court accepted Levine Lee’s argument that “the allegations of scienter against [our client] are too attenuated to retain him as an individual defendant,” ending the case against him.

Seth L. Levine and Chad Albert said in a statement to Bloomberg:  “We are deeply appreciative that the Court recognized that the claims against [our client] were meritless and dismissed all of them.”

Seth Levine, Chad Albert, and Adam King worked on the matter.  The case is In re Dentsply Sirona, Inc. Securities Litigation, No. 24-cv-9083 (S.D.N.Y. 2025).  Press coverage of this victory is available here:  Bloomberg, Dentsply Investors Advance; Law360, Investors’ Aligner Injury Cover-Up Suit