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Shareholder Alert Robbins Arroyo LLP Is Investigating SmileDirectClub, Inc. (SDC)

Nachrichtenquelle: Business Wire (engl.)
20.09.2019, 00:30  |  310   |   |   

Shareholder rights law firm Robbins Arroyo LLP informs shareholders that it is investigating SmileDirectClub, Inc. (NASDAQ: SDC) for potential violations of federal securities laws pursuant to its September 2019 initial public offering ("IPO"). SmileDirectClub completed its IPO on September 11, 2019, offering 58.5 million shares at $23.00 per share. The next day, SmileDirectClub's share price fell $6.33 per share, or over 27%, to close at $16.67. The stock has yet to recover and currently trades at around $19 per share, a 17% decline from SmileDirectClub's IPO price. SmileDirectClub operates a teledentistry platform that provides members with aligner therapy treatment.

If you suffered a loss as a result of SmileDirectClub's misconduct, click here.

SmileDirectClub, Inc. (SDC) Shareholders Have Legal Options

Contact us to learn more:
Leo Kandinov
(800) 350-6003
Shareholder Information Form

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.

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