SOURCE: Shalov Stone Bonner & Rocco LLP

Shalov Stone Bonner & Rocco LLP

August 18, 2009 16:08 ET

Shalov Stone Bonner & Rocco LLP Announces Class Action Against Align Technology, Inc.

NEW YORK, NY--(Marketwire - August 18, 2009) - Shalov Stone Bonner & Rocco LLP announces that a class action lawsuit has been filed on behalf of all persons or entities who purchased Align Technology, Inc. ("Align" or the "Company") (NASDAQ: ALGN) common stock between January 30, 2007 and October 24, 2007, inclusive (the "Class Period"). The suit is pending in the Northern District of California against Align and Thomas M. Prescott, Align's President and Chief Executive Officer.

The complaint alleges that, throughout the Class Period, defendants misrepresented or failed to disclose or indicate that the Company was experiencing a considerable decrease in the number of new case starts, which resulted from Align having shifted the focus of its sales force to clearing backlog. As a result, the statements defendants made during the Class Period regarding Align's business, operations and financial prospects were materially false and misleading.

The complaint also alleges that on October 24, 2007, during a conference call with analysts, certain of Align's executive officers shocked the market when they acknowledged that, among other things, in an effort to clear backlog, the Company failed to focus sufficient efforts on garnering new case starts. Consequently, the Company had to refocus its field and channel marketing teams to generate new case growth. On this news, the price of Align's shares fell more than 33%, closing at $19.07 per share, on October 25, 2007.

Shalov Stone Bonner & Rocco LLP has extensive experience in the prosecution of lawsuits on behalf of investors. For more information about the firm, please visit its website at:

If you purchased Align stock and would like additional information about your rights, please contact investor rights attorney Amanda C. Scuder, at Shalov Stone Bonner & Rocco LLP, 485 Seventh Avenue, Suite 1000, New York, New York 10018 (telephone: (212) 239-4340; email:

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