Align Technology, Inc. (ALGN)


Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Align Technology, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Align Technology, Inc. (“Align Technology” or the “Company”) (NASDAQ:ALGN) of the January 4, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Align Technology stock or options between July 25, 2018 and October 24, 2018 and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all those who purchased Align Technology securities between July 25, 2018 and October 24, 2018 (the “Class Period”).  The case, Lu v. Align Technology, Inc. et al, No. 18-cv-06720 was filed on November 5, 2018, and has been assigned to Judge Lucy H. Koh.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) the Company would offer higher discounts to promote Invisalign; (2) such promotions would materially impact revenue; and (3) consequently, the defendants' positive statements about the Company's business, operations and prospects were materially misleading and/or lacked a reasonable basis. 

Specifically, on October 24, 2018, the Company issued a press release to announce its third quarter 2018 financial results. The Company's results fell short of expectations. The same day, the Company filed an 8-K with the Securities and Exchange Commission (“SEC”) to disclose that the Chief Marketing Officer (“CMO”) would “reduce his responsibilities and transition to a part-time position.”

On this news, the Company’s stock price fell from $290.83 per share on October 24, 2018 to $232.07 per share on October 25, 2018—a $58.76 or 20.20% drop.

Contact us

Align Technology, Inc. (ALGN)

Loading captcha, please wait...

* The submission of this form does not create an attorney-client relationship.

Details

Filed on 11/07/2018

Ticker NASDAQ:ALGN

Office

685 Third Avenue 26th Floor

10017 New York, New York

Phone (212) 983-9330

Fax (212) 983-9331

Counsel

Richard W. Gonnello rgonnello@faruqilaw.com Phone (212) 983-9330 Fax (212) 983-9331

Finding us

Our Offices


Our offices are nationwide. If you have any questions about a case or our firm, please contact us.

New York

685 Third Avenue 26th Floor
New York, New York 10017
(212) 983-9330
(877) 247-4292
(212) 983-9331

California

10866 Wilshire Boulevard Suite 1470
Los Angeles, California 90024
(424) 256-2884
(424) 256-2885

Delaware

3828 Kennett Pike Suite 201
Wilmington, Delaware 19807
(302) 482-3182
(302) 482-3612

Georgia

3975 Roswell Rd Suite A
Atlanta, Georgia 30342
(404) 847-0617
(404) 506-9534

Pennsylvania

1617 JFK Boulevard, Suite 1550
Philadelphia, Pennsylvania 19103
(215) 277-5770
(215) 277-5771

Faruqi & Faruqi office in New York, New York

Faruqi & Faruqi office in Los Angeles, California

Faruqi & Faruqi office in Wilmington, Delaware

Faruqi & Faruqi office in Atlanta, Georgia

Faruqi & Faruqi office in Philadelphia, Pennsylvania