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The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SmileDirectClub, Inc. ("SmileDirectClub" or "the Company") (NASDAQ: SDC) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. SmileDirectClub stated in a regulatory filing that it suffered from a systems outage caused by a "cybersecurity incident" on April 14, 2021. According to the Company, it was able "to successfully block the attack, no ransom was paid, and the Company's systems and operations are back online and performing normally." Despite this, the Company admitted that the cyberattack "may have a material impact on its business operations and financial results in the second quarter." Based on this news, shares of SmileDirectClub plunged by 19%.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20210504006362/en/