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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.