Levi & Korsinsky Announces Smiledirectclub Class Action Investigation; SDC Lawsuit

Class Action Reports

Levi & Korsinsky Announces Smiledirectclub Class Action Investigation; SDC Lawsuit

Levi & Korsinsky, LLP

October 9, 2019

Levi & Korsinsky, LLP announces that a SDC class action lawsuit has been commenced on behalf of investors who purchased Smiledirectclub Inc. (SDC) pursuant and/or traceable to the Company’s initial public offering in September 2019. For more on the Smiledirectclub Class Action please contact us today.

According to the Smiledirectclub lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) administrative personnel, rather than licensed doctors, provided treatment to the Company’s customers and monitored their progress; (2) as a result, the Company’s practices did not qualify as teledentistry under applicable standards; (3) as a result, the Company was subject to regulatory scrutiny for the unlicensed practice of dentistry; (4) the efficacy of the Company’s treatment was overstated; (5) the Company had concealed these deceptive marketing practices prior to the IPO; and (6) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

TO LEARN MORE ABOUT THE SDC CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/smiledirectclub-inc-loss-form?prid=3817&wire=1

If you suffered a loss in Smiledirectclub you have until December 2, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com