INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf Align Technology, Inc. (ALGN) Investors

Mar 05, 2020 11:00 am

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Align Technology, Inc. ("Align" or the "Company") (NASDAQ: ALGN) securities between April 24, 2019 and July 24, 2019, inclusive (the “Class Period”). Align investors have until May 1, 2020 to file a lead plaintiff motion.

Investors suffering losses on their Align investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].

On July 24, 2019, Align announced its financial results for the second quarter of 2019, revealing significantly declining sales volumes for its Invisalign products and drastically reducing its growth projections for the third quarter and full year of 2019. The Company’s Chief Executive Officer attributed the decline “to softness in China related to a tougher consumer environment.”

On this news, the Company’s share price fell, $74.26, or over 26%, to close at $200.90 per share on July 25, 2019, thereby injuring investors.

The complaint filed in this class action 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, Defendants failed to disclose to investors: (1) that they had exaggerated the Company’s performance in China; and (2) that Chinese demand for the Company’s products materially declined.

If you purchased Align securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
[email protected]