Dental products manufacturer Align Technology Inc. beat back would-be class claims it made misleading statements regarding the value of a subsidiary, causing a steep stock price plummet (City of Dearborn Heights Act 345 Police & Fire Ret. Sys. v. Align Tech. Inc., 2017 BL 150650, 9th Cir., 14-16814, 5/5/17).
The investors’ complaint doesn’t satisfy a U.S. Supreme Court ruling governing liability for statements of opinion, Judge Milan D. Smith Jr. of the U.S. Court of Appeals for the Ninth Circuit said May 5.
The decision is one of relatively few to interpret the high court’s Omnicare decision. In ...
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