| Company: | Align Technology Inc |
| Ticker Symbol: | ALGN |
| Class Period: | Jan-30-07 to Oct-24-07 |
| Date Filed: | Sep-1-09 |
| Lead Plaintiff Deadline: | Oct-31-09 |
| Court: | Northern District of California |
| Allegations: | |
The Complaint alleges that Align failed to disclose 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. Defendants' misleading statements and omission of materially adverse information rendered their Class Period statements concerning Align's business, operations and financial prospects materially false and misleading at all relevant times.
On October 24, 2007, Align held a conference call where the Company shocked the market when certain of its executive officers acknowledged that in an effort to clear prior backlog "we did not focus enough effort on filling the pipeline for new case starts," and the Company had to refocus its field and channel marketing teams to generate new case growth. As a result of this news, shares of Align declined more than 33%, or $9.63 per share, to close on October 25, 2007 at $19.07 per share.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
