Align Fights Off Most Investor Claims in Discount Program Suit

Sept. 10, 2020, 7:29 PM

Align Technology Inc. successfully convinced a federal judge in California to partially dismiss a would-be class suit accusing it of misleading investors about the impact a discount program would have on sale prices.

The Invisalign maker’s investors challenged a handful of company statements, but most of those either fell within a safe harbor or weren’t adequately alleged to be false, the U.S. District Court for the Northern District of California said Wednesday.

The investors challenged one statement about Align’s expected higher average sales prices. The company warned investors that the forward-looking statement was just a prediction, so it falls within ...

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