An investigation for investors in NASDAQ:ALGN shares over possible breaches of fiduciary duties by certain Align Technology officers and directors was announced and NASDAQ:ALGN stockholders should contact the Shareholders Foundation at firstname.lastname@example.org
San Diego, CA -- (SBWIRE) -- 09/30/2013 -- An investigation on behalf of investors who purchased NASDAQ:ALGN shares was announced concerning whether certain officers and directors of Align Technology, Inc. possibly breached their fiduciary duties.
Investors who purchased shares of Align Technology, Inc. (NASDAQ:ALGN) in September 2012 or earlier and currently hold any of those NASDAQ:ALGN shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Align Technology officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
More specifically, the investigation focuses on Align Technology’s October 17, 2012 announcement that it would take a substantial impairment charge relating to its March 29, 2011 acquisition of privately held Cadent Holdings, Inc. for approximately $190 million in cash.
Shares of Align Technology, Inc. declined from $38.14 per share on October 5, 2102 to $26.09 per share on October 26, 2012.
According to the investigation prior to the announcement on October 17, 2012 certain company insiders sold more than 1.5 million shares of Align Technology, Inc. stock to realize proceeds in excess of $52 million.
Those who purchased shares of Align Technology, Inc. (NASDAQ:ALGN), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego