Johnson Fistel, a shareholder rights law firm, has launched an investigation into Align Technology on behalf of investors regarding possible violations of federal securities laws.
The investigation comes after Align Technology released its second quarter financial report, showing relatively flat year-over-year revenue results. The company’s common stock reportedly declined by more than 31% July 31.
Align Technology is projecting worldwide revenues for the third quarter to be between $965 million and $985 million.
Becker’s has contacted Align Technology for comment and will update this article when more information becomes available.
