Hagens Berman is investigating Align for potential violations of the securities laws, which require that public companies provide timely and accurate information to investors regarding issues that will have a material impact on the company.
“We need to learn what Align’s executives knew and when they knew it,” said Mr. Kathrein, who is leading the firm’s investigation. “Withholding information that, once released, will have a dramatic impact on investor sentiment is bad enough. But we think the insider selling, which made certain executives millions, points to a disturbing motive for withholding key information.”
The firm also reminds whistleblowers with inside information that rewards may be available to individuals who report information leading to a successful enforcement action by the Securities and Exchange Commission. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
More information about this investigation is available at http://hb-securities.com/investigations/ALGN.About Hagens Berman Hagens Berman Sobol Shapiro, LLP is an investor-rights class-action law firm with offices in 10 cities. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the law firm and its successes can be found at www.hbsslaw.com. The firm’s securities law blog is at http://www.meaningfuldisclosure.com.