World News: 00:36 GMT Saturday 10th November 2018. [Pomerantz LLP via Globe Newswire via SPi World News]
NEW YORK, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Align Technology, Inc. (“Align” or the “Company”) (NASDAQ: ALGN). Such investors are advised to contact Robert S. Willoughby at or 888-476-6529, ext. 9980.
The investigation concerns whether Align and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On October 24, 2018, Align announced its third quarter 2018 financial results and reported that its Invisalign Average Selling Price had declined from $1,315 to $1,230. The same day, Align also announced that its Chief Marketing Officer would “reduce his responsibilities and transition to a part-time position.” On this news, Align’s stock price fell $58.76 per share, more than 20%, to close at $232.07 per share on October 25, 2018, on unusually high trading volume. The Company’s stock price continued to decline over the next two trading sessions, to close at $217.94 on October 29, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See
Globe Newswire: 00:36 GMT Saturday 10th November 2018
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2018. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.