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Investigation announced for Long-Term Investors in shares of SmileDirectClub, Inc. (NASDAQ: SDC)

02-12-2020 04:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in SmileDirectClub, Inc. (NASDAQ: SDC) shares.

An investigation on behalf of current long term investors in SmileDirectClub, Inc. (NASDAQ: SDC) shares.

An investigation on behalf of current long-term investors in shares of SmileDirectClub, Inc. (NASDAQ: SDC) concerning potential breaches of fiduciary duties by certain directors and officers of SmileDirectClub, Inc. was announced.

Investors who are current long term investors in SmileDirectClub, Inc. (NASDAQ: SDC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: SDC stocks follows a lawsuit filed against SmileDirectClub, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SDC stocks, concerns whether certain SmileDirectClub, directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Eastern District of Michigan the plaintiff alleges that the Defendants failed to disclose to investors that administrative personnel, rather than licensed doctors, provided treatment to the Company's customers and monitored their progress, that, as a result, the Company's practices did not qualify as teledentistry under applicable standards, that, as a result, the Company was subject to regulatory scrutiny for the unlicensed practice of dentistry, that the efficacy of the Company's treatment was overstated, that the Company had concealed these deceptive marketing practices prior to the IPO, and that, 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.

Those who purchased shares of SmileDirectClub, Inc. (NASDAQ: SDC) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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