(English) SmileDirectClub, Inc.
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(English) SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against SmileDirectClub, Inc.– SDC
New York, N.Y., November 7, 2019. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of SmileDirectClub, Inc. (NASDAQ: SDC) pursuant and/or traceable to the registration statement issued in connection with SmileDirectClub`s September 2019 IPO, inclusive (the “Class Period”). The lawsuit seeks to recover damages for SmileDirectClub, Inc. investors under the federal securities laws.
To join the SDC class action, go to http://zhanginvestorlaw.com/cases/smiledirectclub-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) administrative personnel, rather than licensed doctors, provided treatment to SmileDirectClub’s customers and monitored their progress; (2) SmileDirectClub’s practices did not qualify as teledentistry under applicable standards; (3) SmileDirectClub was subject to regulatory scrutiny for the unlicensed practice of dentistry; (4) the efficacy of SmileDirectClub’s treatment was overstated; (5) SmileDirectClub had concealed these deceptive marketing practices prior to the IPO; and (6) as a result of the foregoing, defendants’ positive statements about SmileDirectClub’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 2, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/smiledirectclub-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.