Align Technology Inc

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Case Summary
Company Name: Align Technology Inc
Stock Symbol : NASDAQ: ALGN
Class Period Start: 07/25/2018
Class Period End: 10/24/2018
Lead Plaintiff motion: 01/04/2019
Date Filed: 11/05/2018
Type of Case: Securities Class Action
Court: U.S. District Court for the Northern District of California
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the January 4, 2019 lead plaintiff deadline in a class action lawsuit filed against Align Technology Inc (NASDAQ: ALGN) (“Align Technology” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Align Technology Inc securities between July 25, 2018 and October 24, 2018, have until January 4, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Align Technology Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company would offer higher discounts to promote Invisalign; such promotions would materially impact revenue; and consequently, the defendants' positive statements about the Company's business, operations and prospects were materially misleading and/or lacked a reasonable basis.

On October 24, 2018, the Company revealed its Third Quarter 2018 financial and operational results, and disclosed more than 6% decrease in its Invisalign Average Selling Price. In addition, the Company Stated that its Chief Marketing Officer would "reduce his responsibilities and transition to a part-time position."

On this news, NASDAQ: ALGN fell $58.76 per share, or over 20%, to close at $232.07 per share on October 25, 2018.

If you were negatively impacted by your investment in Align Technology Inc securities between July 25, 2018 and October 24, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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