NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 1, 2020 to file lead plaintiff applications in a securities class action lawsuit against Align Technology, Inc. (NasdaqGS: ALGN), if they purchased the Company’s shares between April 24, 2019 and July 24, 2019, both dates inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of Align and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-algn/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 1, 2020.
About the Lawsuit
Align and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 24, 2019, post-market, the Company announced its 2Q2019 financial results disclosing a significant cut to its 3Q and FY2019 growth projections amid declining sales volumes that were “primarily due to softness in China related to a tougher consumer environment,” contrary to the Company’s prior representations.
On this news, the price of Align’s shares plummeted over 27%.
The case is City of Roseville Emps’ Ret. Sys. v. Align Tech., Inc., et al., No. 20-cv-01822.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
