Investors of Align Technology Launch Lawsuit

Law Offices of Howard G Smith, representing investors of Align Technology (Align) has filed a class action lawsuit in US District Court for the Northern District of California on behalf of a class consisting of all persons or entities who purchased the common stock of Align between January 30, 2007 and October 24, 2007, inclusive.

The complaint charges the company and its CEO with violations of federal securities laws. The complaint alleges that throughout the Class Period the defendants knew or recklessly disregarded and 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.