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”).
You may also contact James Maro, Esq. (484) 270-1453, or you may submit your information via email at email@example.com, or you may click here to print a PDF of this form.
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 September 24, 2020, the Court administratively stayed this case until further notice. On July 15, 2021, Lead Plaintiff filed a Motion for Preliminary Approval of Settlement in the amount of $16,000,000.00. A hearing for final approval of the settlement is set for April 28, 2022. This action is still ongoing.
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: James Maro, Esq. (484) 270-1453; or via e-mail at firstname.lastname@example.org. 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.