Align Technology, Inc. Faces Long-Term Shareholder Investigation

Align Technology, Inc. faces a balance chic action accusation over declared violations of Federal Securities Laws on account of purchasers of accepted banal of Align Technology, Inc. (Nasdaq:ALGN) amid January 30, 2007 and October 24, 2007. An analysis on account of accepted continued appellation investors in Align Technology, Inc. (Public, NASDAQ:ALGN) apropos accessible actor claims was announced.

Those who are accepted continued appellation investors in Align Technology, Inc. (Public, NASDAQ:ALGN) shares and / or invested in ALGN banal amid January 30, 2007 and October 24, 2007, you accept assertive options and you should acquaintance the Shareholders Foundation, Inc at email: mail(at)shareholdersfoundation.com or alarm us at: +1 (858) 779 - 1554. An broker in Align Technology shares has filed a proposed balance chic action accusation in the United States District Court for the Northern District of California on account of a chic consisting of all bodies or entities who purchased the accepted banal of Align Technology, Inc. (Nasdaq:ALGN) amid January 30, 2007 and October 24, 2007 over declared violations of Federal Securities Laws by Align Technology and other. According to the complaint the plaintiff alleges that Align Technology and its arch controlling administrator abandoned the federal balance laws by alive or foolishly behindhand amid January 30, 2007 and October 24, 2007 that the defendant’s accessible statements apropos Align Technology’s business, operations and affairs were materially apocryphal and misleading. Then on October 24, 2007, Align Technology captivated a appointment alarm with analysts to altercate its third division 2007 banking after-effects appear that aforementioned day. During the appointment call, Align Technology appear that assertive of its controlling admiral accustomed that, a allotment of added things, in an accomplishment to bright above-mentioned balance “we did not focus abundant accomplishment on bushing the activity for new case starts,” and that the Company had to refocus its acreage and approach business teams to accomplish new case growth.
In acknowledgment to this account shares of Align Technology, Inc. (Nasdaq:ALGN) beneath the next day added than 33%, or $9.63 per share, to abutting on October 25, 2007, at $19.07 per share, on almighty abundant aggregate of added than 12 actor shares traded. According to antecedent investigations by law firms it has appear aswell to ablaze that in the months above-mentioned to Align’s October 24, 2007 announcement, assertive aggregation assembly awash hundreds of bags of shares of their alone captivated Align accepted banal and accomplished gross gain in balance of $20 million.

Align Technology, Inc., amid in Santa Clara, California, designs, manufactures, and markets the Invisalign system, a adjustment for alleviative malocclusion, or the misalignment of teeth. Invisalign corrects malocclusion application a alternation of clear, about invisible, disposable accessories that acclaim move teeth to a adapted final position. Align Technology appear in 2007 Total Revenue of $284.33million and in 2008 Total Revenue of $303.98million with a Net Income of $79.99million. Shares of Align Technology (NASDAQ:ALGN) traded afresh at $10.40 per share, down anatomy a 52weekHigh of $13.74 per allotment and $28.46 per allotment in 2007.