Levi & Korsinsky Notifies Investors With Losses on Their Investment in Align Technology, Inc. of Class Action Lawsuit and the Deadline of January 28, 2013 to Seek a Lead Plaintiff Position

Wed Jan 9, 2013 6:51pm EST

* Reuters is not responsible for the content in this press release.

NEW YORK, NY, Jan 09 (Marketwire) -- 
Levi & Korsinsky announces that a class action lawsuit has been commenced
in the United States District Court for the Northern District of
California on behalf of investors who acquired Align Technology, Inc.
("Align" or "the Company") (NASDAQ: ALGN) securities between April 23,
2012 and October 17, 2012.

    For more information, click here:
http://zlk.9nl.com/align-technology-algn/.

    According to the complaint, defendants' statements during the Class
Period concerning Align's financial condition and results for fiscal 2012
were false and misleading, because defendants knew and failed to disclose
the following facts: (a) the Company's reported income and earnings were
materially overstated, as the Company failed to timely write down
goodwill associated with their acquisition of Cadent Holdings, Inc.; (b)
negotiations with Straumann Group, the Company's European distributor,
concerning its distribution relationship with Align had failed or been
failing, and thus the goodwill associated with the acquisition of Cadent
had already been materially impaired; and (c) the Company's sales and
sales trends could not support the Company's third quarter and fiscal
2012 financial forecasts. 

    As a result of these misrepresentations and/or omissions, Align's stock
traded at artificially inflated prices during the Class Period, reaching
a high of over $39 per share on September 13, 2012, and allowing Company
insiders to sell more than 1.5 million shares of Align stock at
artificially inflated prices for more than $52 million.

    If you suffered a loss in Align you have until January 28, 2013 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn't require that you serve as a lead plaintiff.
To obtain additional information, contact Joseph E. Levi, Esq. either via
email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit
http://zlk.9nl.com/align-technology-algn/

    Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. Attorney
advertising. Prior results do not guarantee similar outcomes.

    

CONTACT: 
Levi & Korsinsky, LLP
Joseph Levi, Esq.
30 Broad Street - 24th Floor 
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com 

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