On or around 01/15/2019 (Ongoing date of last review)
Filing Date: November 05, 2018
According to the Complaint, Align is a medical device company that purports to design, manufacture, and market products for the treatment of malocclusion or the misalignment of teeth. Invisalign is the proprietary name for the Company’s clear aligners.
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company would offer higher discounts to promote Invisalign; (2) that the promotions would materially impact revenue; and (3) 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.
Company & Securities Information
Defendant: Align Technology, Inc.
Industry: Medical Equipment & Supplies
Headquarters: United States
Ticker Symbol: ALGN
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Xiaojiao Lu, et al. v. Align Technology, Inc., et al.
COURT: N.D. California
DOCKET #: 18-CV-06720
JUDGE: Hon. Lucy H. Koh
DATE FILED: 11/05/2018
CLASS PERIOD START: 07/25/2018
CLASS PERIOD END: 10/24/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Glancy Prongay & Murray LLP 1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067 (310) 201-9150 (310) 432-1495 ·
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of the Federal Securities Laws
Order Granting Administrative Motion To Consider Whether Cases Should Be Related
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available