Stockholders v Align Technology, Inc.
Stockholders File Lawsuit Against Align Technology, Inc.
According to a press release dated August 24, 2009, the Complaint alleges that throughout the Class Period defendants knew or recklessly disregarded that their public statements concerning Align's business, operations and prospects were materially false and misleading. Specifically, the Complaint alleges that during the Class Period defendants failed to disclose or indicate that the Company had shifted the focus of its sales force to clearing backlog, causing a significant decrease in the number of new case starts. Consequently, defendants' misleading statements and omission of materially adverse information rendered their Class Period statements concerning the Company's business, operations and financial prospects materially false and misleading at all relevant times.
If you bought Align Technology, Inc. securities and would like to obtain information about the Align Technology, Inc. lawsuit, then you are invited to call Kahn Swick & Foti, LLC toll free at (866) 467-1400 extension 100 to speak with an attorney or visit www.ksfcounsel.com.
