BALTIMORE, MD -- (Marketwire) -- 08/20/09 -- Brower Piven, A Professional Corporation
announces that a class action lawsuit has been commenced in the United
States District Court for the Northern District of California on behalf of
purchasers of the common stock of Align Technology, Inc. ("Align
Technology" or the "Company") (NASDAQ: ALGN) during the period between
January 30, 2007 and October 24, 2007, inclusive (the "Class Period").
No class has yet been certified in the above action. Members of the Class
will be represented by the lead plaintiff and counsel chosen by the lead
plaintiff. If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff no later than October 13,
2009 and be selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether to
accept a settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in the Company during the Class
Period. You may contact Brower Piven (through hoffman@browerpiven.com or
410/986-0036) to answer any questions you may have in that regard.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the Company's failure to disclose during
the Class Period 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, thus rendering the Company's class period statements
concerning the Company's business, operations and financial prospects
materially false and misleading. According to the complaint, after the
Company revealed, on October 24, 2007, that in an effort to clear prior
backlog the Company had failed to focus enough effort on filling the
pipeline for new case starts and that the Company had to refocus its field
and channel marketing teams to generate new case growth, the value
of Align's stock declined significantly.
If you have suffered a net loss for all transactions in Align Technology,
Inc. common stock during the Class Period, you may obtain additional
information about this lawsuit and your ability to become a lead plaintiff
by contacting Brower Piven at www.browerpiven.com, by email at
hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, A
Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt
Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven
have combined experience litigating securities and class action cases of
over 40 years. If you choose to retain counsel, you may retain Brower Piven
without financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be a
member of the class.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
Baltimore, Maryland
410/986-0036
Email Contact