Kendall Law Group is investigating Align Technology for possible securities violations related to public statements made by the company between January 30, 2007, and October 24, 2007.
The investigation concerns allegedly false and misleading statements and material omissions by the company concerning its business and prospects, the law firm stated in a press release.
On October 24, 2007, the company acknowledged that, in an effort to clear prior backlog, "we did not focus enough effort on filling the pipeline for new case starts" and had to refocus its field and channel marketing teams to generate case growth, according to the release.
Kendall Law Group claims that prior to the backlog announcement, certain company insiders sold their personally held Align stock for proceeds in excess of $20 million.
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