| COMPANY |
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 |
May 23, 2018 - 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 Lead Plaintiff filed an amended consolidated complaint (the “Complaint”). Defendants filed a Motion to Dismiss the Complaint on January 17, 2020. On September 9, 2020, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss. On April 28, 2022, the Court granted the Motion for Final Approval of the Class Action Settlement. This case has concluded..
You may find additional information regarding the terms of the settlement and claim filing process at www.alignsecuritieslitigationsettlement.com, or by calling JND Legal Administration at 1-833-677-1108.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. 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.