Align Technology, Inc. Announces Shareholder Lawsuit Dismissed With Prejudice
Published: Mar 22, 2012
SAN JOSE, Calif., March 21, 2012 (GLOBE NEWSWIRE) -- Align Technology, Inc. (Nasdaq:ALGN) today announced that on March 14, 2012, Lead Plaintiff Plumbers and Pipefitters National Pension Fund dismissed with prejudice its shareholder lawsuit against the Company and President and CEO, Thomas M. Prescott, filed in August 2009 in the United States District Court for the Northern District of California, Case No. 3:09-cv-03671-MMC. The case was dismissed pursuant to a stipulation between the parties that prevents them from seeking or asserting any claims against one another for fees, expenses, costs, or sanctions. The stipulated dismissal with prejudice terminates the matter and follows the Court's previous dismissal of plaintiff's second amended complaint for failure to state a claim on February 3, 2012.