LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Align Technology, Inc. (“Align” or “the Company”) (NASDAQ: ALGN) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Align announced its financial results for the second quarter of 2019 on July 24, 2019. The Company’s results showed significantly declining sales volumes for its Invisalign product line and sharply reduced sales growth projections for the third quarter and full year of 2019. Align CEO Joseph M. Hogan admitted that the Company’s falling sales were "primarily due to softness in China related to a tougher consumer environment." Based on this news, shares of Align dropped almost 27% on the next day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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