$16M Securities Settlement With Dental Aligner Maker Garners Initial Approval

Mealey's (November 9, 2021, 2:35 PM EST) -- SAN JOSE, Calif. — A federal judge in California on Nov. 2 granted preliminary approval of a $16 million securities class action settlement against a manufacturer of dental aligners and certain of its executive officers stemming from alleged misrepresentations the defendants made regarding the impact expiring patents on the company’s business and financial condition in violation of federal securities laws, ruling that the proposed settlement preliminarily meets all statutory requirements for approval....