Dentsply Board Sued Over Alleged Scheme to Boost Incentive Pay

An investor sued Dentsply Sirona Inc. board members, blaming lax corporate oversight for an alleged scheme by two ousted top executives to hit their incentive pay targets through improper sales practices that cannibalized future earnings.

The lawsuit, filed in Delaware, concerns a revenue recognition scandal at the dental supply giant that allegedly led to the firing of its CEO in April 2022, the abrupt resignation of its chief financial officer weeks later, an ongoing Securities and Exchange Commission investigation, a fraud case in federal court, and a $1.1 billion impairment charge tied to reduced forecasts. That’s in addition to millions ...