Align Technology, Inc. (NASDAQ:ALGN) Investor InvestigationConcerning Potential Securities Laws Violations Announced

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Company Name(s): 
Align Technology
Affected Securities: 
NASDAQ: ALGN

June 22, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Align Technology, Inc. (NASDAQ:ALGN) shares over potential securities laws violations by Align Technology 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. reported that its annual Total Revenue rose from $560.04 million in 2012 to $761.65 million in 2014 and that its respective Net Income increased from $58.69 million to $145.83 million. Shares of Align Technology, Inc. (NASDAQ:ALGN ) grew from $44.37 per share in October 2014 to as high as $64.99 per share on June 17, 2015.

On June 17, 2015 a report was published stating that ClearCorrect announced the United States Patent and Trademark Office has granted its request for reexamination of various patents assigned to Align Technology, Inc. Align Technology, Inc reportedly must respond to this notice within two months' time if reversal of the United States Patent and Trademark Office's determination is to be pursued. Shares of Align Technology, Inc. (NASDAQ:ALGN) declined to $59.56 per share on June 17, 2015.