CEDARHURST, N.Y., Feb. 15, 2019 (GLOBE NEWSWIRE) -- The securities litigation law firm of Kuznicki Law PLLC issues
the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in
these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff
and a preliminary estimate of their recoverable losses.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by
the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a
settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from
investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff
and counsel chosen by the lead plaintiff. No classes have yet been certified in the actions below. Appointment as lead plaintiff is
not required to partake in any recovery.
YRC Worldwide Inc. (NASDAQGS: YRCW)
Investors Affected: March 10, 2014 - December 14, 2018
A class action has commenced on behalf of certain shareholders in YRC Worldwide Inc. The filed complaint alleges that defendants
made materially false and/or misleading statements and/or failed to disclose that: (1) from 2005 to at least 2013, YRC's units
systematically overcharged the federal government for freight carrier services; (2) this alleged misconduct caused the Department
of Defense to overpay by millions of dollars for shipments that were lighter, and thus cheaper, than the weights for which the
government was charged; (3) consequently, this alleged misconduct would subject YRC to enhanced government scrutiny and
liabilities, including potentially owing treble damages under the False Claims Act; and (4) as a result, the Company’s public
statements were materially false and misleading at all relevant times.
Shareholders may find more information at https://kseclaw.com/securities/yrc-worldwide-inc/?wire=3
Dentsply Sirona, Inc. (NASDAQ: XRAY)
Investors Affected: (i) all persons who purchased the common stock of Dentsply Sirona, Inc. (NASDAQ: XRAY) between February
20, 2014 and August 7, 2018; (ii) all Dentsply International Inc. shareholders who held shares as of the record date of December 2,
2015 and were entitled to vote with respect to the Acquisition at the January 11, 2016 special meeting of Dentsply International
Inc. shareholders; and (iii) all persons who purchased or otherwise acquired the common stock of Dentsply International in exchange
for their shares of common stock of Sirona in connection with the Acquisition
A class action has commenced on behalf of certain shareholders in Dentsply Sirona, Inc. According to the complaint, during the
Class Period, Defendants attributed the Company’s financial performance to the Company’s “innovation,” “operational improvement
efforts,” “new products,” and “continued investments in sales and marketing” and told investors that these factors helped the
Company succeed despite the “highly competitive” market for its products. In reality, the Company’s financial results had been
buoyed by an anticompetitive scheme among the Company’s three primary distributors that suppressed competition in the dental supply
market and artificially inflated the price of dental supplies sold by Dentsply. Further, Defendants concealed that an exclusive
distribution arrangement that Sirona had with one of its distributors, Patterson Companies, Inc. (“Patterson”), required Patterson
to regularly make large minimum purchases regardless of demand and, as a result, by 2015, Patterson had been supplied with so much
excess inventory that it could not be sold. This channel-stuffing rendered the Company’s reported sales, financial results and
guidance materially false and misleading. In addition, the Company represented that it reported its financial statements,
including its goodwill, in accordance with generally accepted accounting principles, or GAAP. In fact, the Company’s reported
goodwill was artificially inflated and not reported in accordance with GAAP because it did not reflect the financial impact of the
anticompetitive scheme.
Shareholders may find more information at https://kseclaw.com/securities/dentsply-sirona-inc/?wire=3
Wirecard AG (OTCMKTS: WRCDF, WCAGY)
Investors Affected: April 7, 2016 - February 1, 2019
A class action has commenced on behalf of certain shareholders in Wirecard AG. The filed complaint alleges that defendants made
materially false and/or misleading statements and/or failed to disclose that: (1) for the period spanning from 2015 to 2018, a
senior Wirecard executive in Singapore had been accused of forging and backdating contracts, including falsifying accounts and
money laundering; (2) an external law firm commissioned to investigate Wirecard’s Singapore office had reportedly found evidence of
“serious offences of forgery and/or of falsification of accounts”; (3) Wirecard had downplayed weaknesses in its internal controls
over financial reporting and failed to disclose the true extent of those weaknesses; and (4) as a result, defendants’ statements
about Wirecard’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all
relevant times.
Shareholders may find more information at https://kclasslaw.com/securities/wirecard-ag-loss-submission-form/?wire=3
Kuznicki Law PLLC is committed to ensuring that companies adhere to responsible business practices and engage in
good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading
statements or the omission of material information by a Company lead to artificial inflation of the Company's stock.
CONTACT:
Kuznicki Law PLLC
Daniel Kuznicki, Esq.
445 Central Avenue, Suite 334
Cedarhurst, NY 11516
Email: dk@kclasslaw.com
Phone: (347) 696-1134
Cell: (347) 690-0692
Fax: (347) 348-0967
