Align Technology, Inc. ("Align" or the Company) is a medical device company that designs, manufactures, and markets devices to treat misaligned teeth. The Company’s principal products are the Invisalign clear dental aligners and the iTero® (“iTero”) intraoral scanners, which are used to create digital imagery of patients’ teeth for the purposes of diagnosing misalignment and fitting Invisalign aligners.

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.

On November 13, 2009, an order appointing lead Plaintiff and lead Counsel were entered into the court docket.

On January 29, 2010, an amended class action Complaint was filed by the Plaintiffs against the Defendants.

On March 14, 2012, a Stipulation was entered into the Court's docket. The parties stipulate to the dismissal of this action with prejudice.