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Sat, January 26, 2013Fri, January 25, 2013Thu, January 24, 2013Wed, January 23, 2013Tue, January 22, 2013Mon, January 21, 2013Fri, January 18, 2013Thu, January 17, 2013Wed, January 16, 2013Tue, January 15, 2013Mon, January 14, 2013Fri, January 11, 2013Thu, January 10, 2013Wed, January 9, 2013Tue, January 8, 2013Mon, January 7, 2013Sun, January 6, 2013Fri, January 4, 2013Thu, January 3, 2013Wed, January 2, 2013Mon, December 31, 2012Fri, December 28, 2012Thu, December 27, 2012Wed, December 26, 2012Mon, December 24, 2012Fri, December 21, 2012Levi &;; Korsinsky Notifies Investors With Losses on Their Investment in Align Technology, Inc. of Class Action Lawsu
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Published in Health and Fitness on Wednesday, January 9th 2013 at 16:00 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
January 09, 2013 18:51 ET
Levi & Korsinsky Notifies Investors With Losses on Their Investment in Align Technology, Inc. of Class Action Lawsuit and the Deadline of January 28, 2013 to Seek a Lead Plaintiff Position
NEW YORK, NY--(Marketwire - Jan 9, 2013) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who acquired Align Technology, Inc. ("Align" or "the Company") (
For more information, click here: [ http://zlk.9nl.com/align-technology-algn/ ].
According to the complaint, defendants' statements during the Class Period concerning Align's financial condition and results for fiscal 2012 were false and misleading, because defendants knew and failed to disclose the following facts: (a) the Company's reported income and earnings were materially overstated, as the Company failed to timely write down goodwill associated with their acquisition of Cadent Holdings, Inc.; (b) negotiations with Straumann Group, the Company's European distributor, concerning its distribution relationship with Align had failed or been failing, and thus the goodwill associated with the acquisition of Cadent had already been materially impaired; and (c) the Company's sales and sales trends could not support the Company's third quarter and fiscal 2012 financial forecasts.
As a result of these misrepresentations and/or omissions, Align's stock traded at artificially inflated prices during the Class Period, reaching a high of over $39 per share on September 13, 2012, and allowing Company insiders to sell more than 1.5 million shares of Align stock at artificially inflated prices for more than $52 million.
If you suffered a loss in Align you have until January 28, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (877) 363-5972, or visit [ http://zlk.9nl.com/align-technology-algn/ ]
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
