Five notes:
1. The firm’s investigation is centered around whether Align violated federal securities laws.
2. The Pomerantz LLP, Vincent Wong, Kirby McInerney and Levi & Korsinsky law offices have all recently launched similar investigations into Align.
3. During Align’s 2023 second-quarter earnings report, the company claimed that its product portfolio was largely resilient to inflation and other negative economic trends. In the company’s third-quarter report, earnings fell short of previous guidance and expectations.
4. After the news of the third-quarter earnings, Align’s stock fell by more than 28%.
5. Bronstein, Gerwitz & Grossman represents investors in securities fraud class actions and shareholder derivative suits.
Becker’s has contacted Align Technology for comment and will update this story as more information becomes available.
