Several investigations on behalf of investors with respect to losses suffered by certain purchasers of Align Technology, Inc. (NASDAQ: ALGN) common stock between January 30, 2007 and October 24, 2007 over potential violations of Federal Securities Laws by Align Technology and others were announced.

According to one investigation by a law firm the investigation focuses on Align Technology, Inc 's public disclosures between January 30, 2007 and October 24, 2007, and whether Align Technology, Inc may have misrepresented and/or failed to timely disclose material information regarding its business and prospects. Another law firm goes even futher and believes that Align Technology and certain of its executives violated federal laws, because it believes that Align Technology made materially false statements about the Companys financial condition and mislead investors into believing that its prospects for future sales of its Invisalign product were greater than they really were.

On or about October 24, 2007, Align announced, among other things, that its sales force had shifted its focus to clearing backlog, we did not focus enough effort on filling the pipeline for new case starts, and that it had experienced a decrease in the number of case starts. In response to this news, on October 25, 2007 Align Technologys stock price plummet more than 30% to approximately $9.50 per share.
According to both investigations additionally, it has come to light that in the months prior to Aligns October 24, 2007 announcement, certain company insiders sold hundreds of thousands of shares of their personally held Align common stock and realized gross proceeds in excess of $20 million.
Align Technology, Inc., located in Santa Clara, California, designs, manufactures, and markets the Invisalign system, a method for treating malocclusion, or the misalignment of teeth. Invisalign corrects malocclusion using a series of clear, nearly invisible, removable appliances that gently move teeth to a desired final position. Align Technology reported in 2007 Total Revenue of $284.33million and in 2008 Total Revenue of $303.98million with a Net Income of $79.99million. Shares of Align Technology (NASDAQ:ALGN) traded recently at $10.40 per share, down form a 52weekHigh of $13.74 per share and $28.46 per share in 2007.