This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Align Technology Provides Update On Settlement Of Proficiency Requirements Lawsuit

SAN JOSE, Calif., Dec. 6, 2010 (GLOBE NEWSWIRE) -- Align Technology, Inc. (Nasdaq:ALGN) today provided an update on the settlement of the class action lawsuit brought by Dr. Christopher J. Leiszler against the Company concerning its proficiency requirements. As announced previously on October 21, 2010, Align entered into a Memorandum of Understanding ("MOU") to resolve this lawsuit filed earlier this year in the United States District Court for the Northern District of California.  On December 3, the plaintiffs' counsel filed an unopposed motion seeking preliminary approval of the settlement. A hearing has been scheduled on this matter for December 17 regarding the request for preliminary approval.

Under the terms of the settlement and as described in the Settlement Agreement, if the settlement receives Court approval, all class members can obtain reinstatement to prescribe Invisalign® treatment following completion of a free 3-hour on-line course. Certain class members will have the option to elect a cash remedy instead of the Reinstatement Benefit.

Doctors who had their Invisalign accounts deactivated or suspended as a result of the proficiency requirements program are included in the settlement class.  If the Court grants preliminary approval of the settlement at the hearing on December 17, all class members will be notified of their options via postal mail within approximately two weeks of the Court's decision.  Doctors who have questions regarding their class status or rights in this matter should visit or call toll free 1-888-816-1761.

In May 2010, Christopher J. Leiszler, a general practice dentist, filed a Complaint against the Company alleging that Align implemented unfair requirements for the prescription of Invisalign through the Company's annual proficiency requirements.  Dr. Leiszler's Invisalign provider status was changed in January 2010 for failing to meet the Company's proficiency requirements.  Dr. Leiszler sued Align on behalf of himself and all others similarly situated, seeking a refund of the price paid to Align for Invisalign training.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs