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.
Align Technology Provides Update On Settlement Of Proficiency Requirements Lawsuit
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.