CONTACT KTMC

Investor Class Action Filed Against Align Technology, Inc. for Securities Fraud Violations
Company Name: Align Technology, Inc.
Court: United States District Court for the Northern District of California
Case Number: 18-cv-06720
Judge: The Hon. Lucy H. Koh
Class period: Between May 23, 2018 and October 24, 2018
Security Type: Common Stock

Case Background:

On November 05, 2018, the initial complaint in this securities class action was filed against Align Technology, Inc. (“Align” or the “Company”), and certain of Align’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.  

The complaint alleged that throughout the class period, the defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the complaint alleged that the defendants failed to disclose to investors that: (1) the Company would offer higher discounts to promote Invisalign; (2) the promotions would materially impact revenue; and (3) as a result of the foregoing, the defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

This securities class action case was brought on behalf of those who purchased or otherwise acquired Align common stock between May 23, 2018 and October 24, 2018, inclusive.

Current Status of Case:

On November 29, 2019 the lead plaintiff filed an amended consolidated complaint. The defendants filed a motion to dismiss the amended consolidated complaint on January 17, 2020. On September 9, 2020, the Court issued an Order granting in part and denying in part the defendants' motion to dismiss, thereby allowing certain claims to proceed. On September 23, 2020, the defendants filed an answer to the amended consolidated complaint. On September 24, 2020, the Court administratively stayed the case and on January 15, 2021, the Court entered an Order scheduling key litigation deadlines including a jury trial on October 3, 2022.

If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form relating to your transactions for Align Technology, Inc. (Nasdaq: ALGN) securities between May 23, 2018 and October 24, 2018, inclusive (the “Class Period”).

Once completed, please click the orange “Submit Your Information” button at the bottom of this page. You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 888.299.7706, or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.

* Denotes required field
 
 
 
 
 
 
# of Shares
Price per Share
 
 
 
Principal Amount
Amount Paid
Series or CUSIP
 
 
 
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Align Technology, Inc. (2019) prior to the Class Period?
Are you a current or former employee of Align Technology, Inc. (2019)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
I agree to the KTMC
disclaimer
I would like to receive
new case alerts by email