BOSTON, Nov. 1, 2019 /PRNewswire/ -- A lawsuit has
been filed against SmileDirectClub, Inc. ("SmileDirect" or the
"Company") (NASDAQ: SDC) alleging that SmileDirect violated the
federal securities laws. Investors who purchased SDC common stock
in connection with the Company's initial public offering (its IPO),
and are interested in learning more about the case or participating
as a lead plaintiff, are encouraged to submit your information to
the Thornton Law Firm, which is investigating this matter on behalf
of SDC shareholders, by clicking on the link below. Investors may
also email the firm to obtain information at
shareholder@tenlaw.com or call (617) 531-3917.
FOR MORE INFORMATION, VISIT: WWW.TENLAW.COM/CASES/SDC
The lawsuit against SmileDirect alleges, among other things,
that SmileDirect failed to disclose to investors that
administrative personnel, rather than licensed doctors, provided
treatment to customers and thus the Company's practices did not
qualify as teledentistry. In addition, the lawsuit alleges that
SmileDirect was subject to regulatory scrutiny for the unlicensed
practice of dentistry, that the efficacy of the Company's treatment
was overstated, and that the Company had concealed these deceptive
marketing practices prior to the IPO. As a result, the lawsuit
alleges that the Company's positive statements about its business,
operations, and prospects, were materially misleading or lacked a
reasonable basis.
Investors who purchased SDC common stock in connection with the
IPO are encouraged to contact the Thornton Law Firm's shareholder
rights team by submitting your information at
www.tenlaw.com/cases/sdc. Interested SDC shareholders have until
December 2, 2019 to apply to be lead
plaintiff. The class has not yet been certified. Until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Thornton Law Firm's securities attorneys are highly
experienced in representing individual shareholders and
institutional investors in recovering damages caused by violations
of the securities laws. Its attorneys have established track
records litigating securities cases in courts throughout the
country and recovering losses on behalf of shareholders. This may
be considered Attorney Advertising in some jurisdictions. Prior
results do not guarantee or predict a similar outcome with respect
to any future matter.
View original
content:http://www.prnewswire.com/news-releases/sdc-shareholder-alert-lawsuit-filed-on-behalf-of-smiledirect-investors-300950162.html
SOURCE Thornton Law Firm LLP