A lawsuit was filed on behalf of investors in Align Technology, Inc. (NASDAQ: ALGN) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 11/27/2018 -- An investor, who purchased shares of Align Technology, Inc. (NASDAQ:ALGN), filed a lawsuit over alleged violations of Federal Securities Laws by Align Technology, Inc.
Investors in shares of Align Technology, Inc. (NASDAQ: ALGN) have certain options and for certain investors are short and strict deadlines running. Deadline: January 4, 2019. NASDAQ: ALGN investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff claims that between July 25, 2018 and October 24, 2018, the Defendants failed to disclose to investors that the Company would offer higher discounts to promote Invisalign, that the promotions would materially impact revenue, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis
San Jose, CA based Align Technology, Inc. designs, manufactures, and markets a system of clear aligner therapy, intraoral scanners, and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services.
On October 24, 2018, Align Technology, Inc. (NASDAQ: ALGN) announced its Q3 2018 financial results. Therein, Align Technology, Inc. disclosed a more than 6% decrease in its Invisalign Average Selling Price ("ASP"). On the same day, Align Technology, Inc. also announced that its Chief Marketing Officer would "reduce his responsibilities and transition to a part-time position." Shares of Align Technology, Inc. (NASDAQ: ALGN) declined to as low as $188.57 per share on November 20, 2018.
On November 26, 2018, NASDAQ: ALGN shares closed at $223.38 per share.
Those who purchased shares of Align Technology, Inc. (NASDAQ: ALGN) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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