SAN JOSE, CA -- (Marketwired) -- 08/25/14 --
Align Technology, Inc. (NASDAQ: ALGN) today announced that on August 22, 2014, the United States District Court for the Northern District of California dismissed with prejudice the shareholder class action lawsuit filed in November 2012 by lead Plaintiff City of Dearborn Heights Police & Fire Retirement System against the Company, President and CEO Thomas M. Prescott, and previous CFO Kenneth B. Arola. The dismissal with prejudice follows the District Court's previous dismissal of Plaintiff's first amended complaint for failure to state a claim on December 9, 2013. Plaintiff has thirty (30) days to appeal the District Court's ruling.
About Align Technology, Inc.
Align Technology is the leader in modern clear aligner orthodontics that designs, manufactures and markets the Invisalign® system, which provides dental professionals with a range of treatment options for adults and teenagers. Align also offers the iTero 3D digital scanning system and services for orthodontic and restorative dentistry. Align was founded in March 1997 and received FDA clearance to market the Invisalign system in 1998. Visit www.aligntech.com for more information.
For additional information about the Invisalign system or to find an Invisalign provider in your area, please visit www.invisalign.com. For additional information about the iTero 3D digital scanning system, please visit www.itero.com.
Source: Align Technology
News Provided by Acquire Media