SAN JOSE, California--Align Technology has announced that lead plaintiff Plumbers and Pipefitters National Pension Fund dismissed with prejudice March 14, 2012, its shareholder lawsuit against the company and President and CEO Thomas M. Prescott.
The lawsuit was filed in August 2009 in the United States District Court for the Northern District of California, Case No. 3:09-cv-03671-MMC.
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The case was dismissed pursuant to a stipulation between the parties that prevents them from seeking or asserting any claims against one another for fees, expenses, costs, or sanctions. The stipulated dismissal with prejudice terminates the matter and follows the court's previous dismissal of plaintiff's second amended complaint for failure to state a claim on Feb. 3, 2012.
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