DENVER, Aug. 4, 2009 (GLOBE NEWSWIRE) -- The law firm of Dyer & Berens LLP (www.DyerBerens.com) today announced that it has initiated an investigation with respect to losses suffered by certain purchasers of Align Technology, Inc. (Nasdaq:ALGN) ("Align") common stock between January 30, 2007 and October 24, 2007.
The investigation focuses on Align's public disclosures between January 30, 2007 and October 24, 2007, and whether the company may have misrepresented and/or failed to timely disclose material information regarding its business and prospects. On or about October 24, 2007, Align announced, among other things, that its sales force had shifted its focus to clearing backlog and that it had experienced a decrease in the number of case starts, causing its stock price to plummet more than 30% to approximately $9.50 per share. In the months leading up to this announcement, certain company insiders sold hundreds of thousands of shares of their personally-held Align common stock and realized gross proceeds in excess of $20 million. Dyer & Berens LLP believes that certain investors may have claims for losses associated with the foregoing.
If you have information relevant to the investigation, or if you believe you were harmed by the alleged conduct described above, you may contact Jeffrey A. Berens, Esq. at 1-888-300-3362, 303-861-1764 or via email at jeff@dyerberens.com.
Dyer & Berens LLP specializes in complex class action litigation on behalf of injured investors throughout the nation. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.