Le Lézard
Classified in: Business
Subject: ATY

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Align Technology, Inc. - ALGN


NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Align Technology, Inc. ("Align" or the "Company") (NASDAQ: ALGN). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether Align and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On July 26, 2023, Align reported its Q2 2023 earnings and offered guidance for Q3 2023 and revised upwards its full-year 2023 guidance. Discussing the foregoing items on an associated earnings call, Align's officers stated that its product portfolio was largely resilient to inflation and other negative economic trends. However, on October 25, 2023, Align reported its Q3 2023 earnings, which fell short of the previous guidance and analysts' expectations. Align officers attributed this reduction to softness in the adult aligner market to macroeconomic trends.

On this news, Align's stock price fell $74.78 per share, or 28.2% to close at $190.94 per share on October 26, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980

SOURCE Pomerantz LLP


These press releases may also interest you

at 19:35
Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") is pleased to announce that it has entered into an agreement with Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents including...

at 18:52
Insurance Commissioner Ricardo Lara announced today he would let home insurance companies charge every homeowner in the state for losses by the FAIR Plan in the Los Angeles fires. ...

at 18:44
The Board of Directors of Economic Investment Trust Limited ("the Company") today announced that the Company will seek shareholder and regulatory approval for the implementation of a ten-for-one share split of the Company's issued and outstanding...

at 18:42
Kingsferry Capital Management Group Limited, which beneficially owns, controls or directs approximately 10.6% of the issued and outstanding common shares of Payfare Inc. ("Payfare" or...

at 18:38
DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (CBOE CA: DEFI) (GR: R9B) , a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance ("DeFi"), is pleased to...

at 18:30
This month marks three years since Russia launched an unprovoked and brutal war against Ukraine. Since then, Canada has stood shoulder to shoulder with Ukraine in its fight for freedom and democracy. As the war continues to leave deep scars on...



News published on and distributed by: