Align Tech Investors Seek Initial Court OK of $16 Million Deal

Align Technology Inc. and investors who say it misled them about a discount program and plans to combat competition asked a federal judge in California for initial approval of their $16 million settlement.

The cash deal follows almost three years of litigation in which the Invisalign maker already fought off most of the allegations about the impact its discount program would have on sale prices, according to documents the investors filed Thursday as part of their bid for preliminary settlement approval in the U.S. District Court for the Northern District of California.

The proposed class consists of anyone who acquired ...