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Glancy Binkow & Goldberg LLP, Representing Shareholders of Align Technology, Inc., Announces There are 14 Days Remaining to Move for Appointment as Lead Plaintiff -- ALGN
Tuesday, September 29, 2009 8:24 PM


Sep. 29, 2009 (GlobeNewswire) --

LOS ANGELES, Sept. 29, 2009 (GLOBE NEWSWIRE) -- Glancy Binkow & Goldberg LLP announces that all persons or entities who purchased the common stock of Align Technology, Inc. ("Align" or the "Company") (Nasdaq:ALGN) between January 30, 2007 and October 24, 2007, inclusive (the "Class Period"), have only 14 days until the October 13, 2009, deadline to move the Court to serve as Lead Plaintiff in the securities fraud class action lawsuit. The case filed by Glancy Binkow & Goldberg LLP, Wozniak v. Align Technology Inc., et al., No. 09-cv-03671, has been assigned to the Honorable Maxine M. Chesney, United States District Judge for the Northern District of California.

A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email at info@glancylaw.com, or visit our website at http://www.glancylaw.com.

Align Technology, Inc. designs, manufactures and markets the Invisalign system for treating the misalignment of teeth. Invisalign utilizes a series of nearly invisible, removable appliances that gently move teeth to a desired final position. The Complaint charges the Company and its chief executive officer with violations of the Securities Exchange Act of 1934, among other things, and further alleges that defendants knew or recklessly disregarded that their public statements during the Class Period concerning Align's business, operations and prospects were materially false and misleading because defendants failed to disclose or indicate 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. Consequently, defendants' misleading statements and omission of materially adverse information rendered their Class Period statements concerning the Company's business, operations and financial prospects materially false and misleading at all relevant times.

The Private Securities Litigation Reform Act of 1995 ("PSLRA") requires the Court to appoint a "Lead Plaintiff" in this case. Any person or group who suffered a loss as a result of purchasing Align common stock between January 30, 2007 and October 24, 2007, may ask the Court to be appointed as Lead Plaintiff, but must file a motion no later than the October 13, 2009 deadline.

Glancy Binkow & Goldberg LLP is a law firm with significant experience in prosecuting class actions, substantial expertise in actions involving corporate fraud, and is representing shareholders of Align in this litigation.

If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, or Richard A. Maniskas, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by e-mail to info@glancylaw.com.

CONTACT:  Glancy Binkow & Goldberg LLP, Los Angeles, CA
          Lionel Z. Glancy
          Michael Goldberg
          Richard A. Maniskas
          (310) 201-9150
          (888) 773-9224
          info@glancylaw.com
          www.glancylaw.com

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(Source: iStockAnalyst )


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