Align Technology Inc. (ALGN) said that the U.S. District Court for the Northern District of California has granted preliminary approval for a settlement to resolve shareholder derivative litigation that has been ongoing since 2019.
As per the terms of the settlement, the plaintiffs will dismiss the lawsuits and release their claims. Align and the defendants deny any wrongdoing and will not make any monetary payments, except for a potential award of $575,000 in attorney's fees to the plaintiffs' counsel, which will be covered by insurance.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.