Align Technology, Inc. (NASDAQ:ALGN) Investor Investigation Over Possible Violations Of Securities Laws Announced

If you purchased shares of Align Technology, Inc. (NASDAQ:ALGN), you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Align Technology
Affected Securities: 
NASDAQ: ALGN

Oct. 22, 2012 (Shareholders Foundation) -- An investigation on behalf of investors of Align Technology, Inc. (NASDAQ:ALGN) shares over potential securities laws violations by Align Technology, Inc. and certain of its directors and officers in connection certain financial statements was announced .

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Align Technology, Inc. (NASDAQ:ALGN) concerning whether a series of statements by Align Technology, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Align Technology, Inc. (NASDAQ:ALGN) reported that its annual Revenue rose from $312.33 million in 2009 to $479.74 million in 2011 and its Net Loss of $31.27 million in 2009 turned into a Net Income of $66.72 million in 2011.

Align Technology, Inc. (NASDAQ:ALGN) reported that its second quarter Revenue rose from $120.09 million in 2011 to $145.63 million in 2012 and its second quarter Net Income increased from $11.16 million last year to $28.49 million this year. On July 19, 2012, Align Technology, Inc. (NASDAQ:ALGN) announced tis second quarter FY 2012 results. Among other things, Align Technology, Inc. issued its guidance for the third quarter in the FY 2012. Align Technology, Inc. (NASDAQ:ALGN) said for the third quarter of fiscal 2012 (Q3 12), it expects net revenues to be in a range of $136.8 million to $140.8 million.

Shares of Align Technology, Inc. (NASDAQ:ALGN) grew from as low as $6.41 in March 2009 to as high as $39.38 per share on October 5, 2012.

Then on October 17, 2012, Align Technology, Inc. (NASDAQ:ALGN) announced its preliminary third quarter FY 2012 results. Among other things, Align Technology, Inc. said that its third quarter FY 2012 revenue is $136.5 million.

Shares of Align Technology, Inc. (NASDAQ:ALGN) dropped from as high as $38.166 per share on Wednesday, October 17, 2012, to as low as $25.53 per share on Thursday, October 18, 2012.

On October 22, 2012, NASDAQALGN shares closed at $27.59 per share.