Lawsuit for Investors in shares of Align Technology, Inc. (NASDAQ: ALGN) announced by Shareholders Foundation
SAN DIEGO, CA, December 17, 2018 (Newswire.com) - The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in shares of Align Technology, Inc. (NASDAQ: ALGN).
Investors, who purchased shares of Align Technology, Inc. (NASDAQ: ALGN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
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."
The plaintiff alleges that 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.
Those who purchased Align Technology, Inc. (NASDAQ: ALGN) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.
Source: Shareholders Foundation, Inc.
