Align Technology Execs Netted $52M Via Fraud, Suit Says

Law360, Los Angeles (December 4, 2012, 7:50 PM EST) -- A Michigan city's pension fund filed a putative securities class action against dental products maker Align Technology Inc. and two of its executives Thursday in California federal court, alleging they had given a false impression of the company's finances while making more than $52 million through illegal insider trading.

The lawsuit, filed by City of Dearborn Heights Act 345 Police & Fire Retirement System, claims that between April and October, company insiders sold more than 1.5 million shares of Align Technology stock at prices as high...
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