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Shalov Stone Bonner & Rocco LLP Announces Class Action Against Align Technology, Inc.

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NEW YORK, NY--(Marketwire - August 18, 2009) - Shalov Stone Bonner & Rocco LLP announces that
a class action lawsuit has been filed on behalf of all persons or entities
who purchased Align Technology, Inc. ("Align" or the "Company") (NASDAQ: ALGN) common stock between January 30, 2007 and October 24, 2007, inclusive
(the "Class Period"). The suit is pending in the Northern District of
California against Align and Thomas M. Prescott, Align's President and
Chief Executive Officer.

The complaint alleges that, throughout the Class Period, defendants
misrepresented or failed to disclose or indicate that the Company was
experiencing a considerable decrease in the number of new case starts,
which resulted from Align having shifted the focus of its sales force to
clearing backlog. As a result, the statements defendants made during the
Class Period regarding Align's business, operations and financial prospects
were materially false and misleading.

The complaint also alleges that on October 24, 2007, during a conference
call with analysts, certain of Align's executive officers shocked the
market when they acknowledged that, among other things, in an effort to
clear backlog, the Company failed to focus sufficient efforts on garnering
new case starts. Consequently, the Company had to refocus its field and
channel marketing teams to generate new case growth. On this news, the
price of Align's shares fell more than 33%, closing at $19.07 per share, on
October 25, 2007.

Shalov Stone Bonner & Rocco LLP has extensive experience in the prosecution
of lawsuits on behalf of investors. For more information about the firm,
please visit its website at: www.lawssb.com

If you purchased Align stock and would like additional information about
your rights, please contact investor rights attorney Amanda C. Scuder, at
Shalov Stone Bonner & Rocco LLP, 485 Seventh Avenue, Suite 1000, New York,
New York 10018 (telephone: (212) 239-4340; email: ascuder@lawssb.com).

Attorney advertising. Prior results do not guarantee a similar outcome.

 

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