City of Dearborn Heights Act 345 Police & Fire Retirement System v. Align Technology, Inc.
District Court, N.D. California
1Opinion of the Court
[Re: ECF No. 46]
ORDER GRANTING MOTION TO DISMISS SECOND AMENDED COMPLAINT
BETH LABSON FREEMAN, United States District Judge
This is a securities fraud putative class action lawsuit based on a stock issuer’s alleged failure to take a timely impairment charge to goodwill. Plaintiff City of Dear-born Heights Act 345 Police & Fire Retirement System (“Plaintiff’) asserts two claims against Align Technology, Inc. (“Align”), Align’s Chief Executive Officer Thomas M. Prescott, and Align’s Chief Financial Officer Kenneth B. Aróla (collectively, “Defendants”): (1) that Defendants violated § 10(b) of the…
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