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Align Technology, Inc. (NASDAQ:ALGN) Investor files Lawsuit over allegedly Misleading Statements

A lawsuit was filed for certain investors in shares of Align Technology, Inc. (NASDAQ:ALGN) . Deadline: Jan 28, 2013 and NASDAQ:ALGN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 
 
mail@shareholdersfoundation.com
mail@shareholdersfoundation.com
PRLog - Jan. 7, 2013 - An investor in shares of Align Technology, Inc. (NASDAQ:ALGN) filed a lawsuit in the U.S. District Court for the Northern District of California over alleged securities laws violations by Align Technology, Inc. in connection with certain allegedly false and misleading statements.

If you purchased shares of Align Technology, Inc. (NASDAQ:ALGN) between April 23, 2012 and October 17, 2012, you have certain options and there are short and strict deadlines running. Deadline: January 28, 2013. NASDAQ:ALGN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Align Technology, Inc. (NASDAQ:ALGN) common stock during the period between April 23, 2012 and October 17, 2012, that Align Technology, Inc. and certain of its officers and directors violated the Securities Exchange Act of 1934.

Specifically, the plaintiff alleges that defendants allegedly issued between April 23, 2012 and October 17, 2012 materially false and misleading statements regarding Align Technology's current financial condition and quarterly and year-end revenue and earnings outlook for fiscal 2012.

On July 19, 2012, Align Technology, Inc. announced tis second quarter FY 2012 results. Among other things, Align Technology, Inc. issued its guidance for the third quarter in the FY 2012. Align Technology, Inc. (NASDAQ:ALGN) said for the third quarter of fiscal 2012 (Q3 12), it expects net revenues to be in a range of $136.8 million to $140.8 million.

Shares of Align Technology, Inc. (NASDAQ:ALGN) grew to as high as $39.38 per share on October 5, 2012.

Then on October 17, 2012, Align Technology, Inc. announced its preliminary third quarter FY 2012 results. Among other things, Align Technology, Inc. said that its third quarter FY 2012 revenue is $136.5 million.

Shares of Align Technology, Inc. (NASDAQ:ALGN) dropped from as high as $38.166 per share on Wednesday, October 17, 2012, to as low as $25.53 per share on Thursday, October 18, 2012 and continued to decline to as low as $25.39 per share on Nov. 15, 2012.

On January 4, 2013, NASDAQALGN shares closed at $29.31 per share.

Those who purchased shares of Align Technology, Inc. (NASDAQ:ALGN) have certain options and there are short and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

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Contact Email:
***@shareholdersfoundation.com Email Verified
Source:Shareholders Foundation, Inc.
Phone:+1-(858)-779-1554
Zip:92108
City/Town:San Diego - California - United States
Industry:Business, Finance
Tags:Align Technology Inc., nasdaq algn, lawsuit, class action, securities class action
Shortcut:prlog.org/12054119
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