World News: 15:00 GMT Thursday 6th December 2018. [Bronstein, Gewirtz & Grossman, LLC via Globe Newswire via SPi World News]
NEW YORK, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Align Technology, Inc. (“Align” or the “Company”) (NASDAQ: ALGN) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Align securities between July 25, 2018 and October 24, 2018 both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/algn.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company would offer higher discounts to promote Invisalign; (2) such promotions would materially impact revenue; and (3) consequently, the defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis.
On October 24, 2018, Align revealed its Third Quarter 2018 financial and operational results, and unveiled more than 6% decrease in its Invisalign Average Selling Price (“ASP”). Align also said that its Chief Marketing Officer would “reduce his responsibilities and transition to a part-time position.” Following this news, Align stock dropped $58.76 per share, or over 20%, to close at $232.07 per share on October 25, 2018.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: bgandg.com/algn or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Align you have until January 4, 2019 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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 |
Globe Newswire: 15:00 GMT Thursday 6th December 2018
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