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NEW YORK, NY / ACCESSWIRE / May 13, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, is investigating potential securities violations and breach of fiduciary duty claims against SmileDirectClub (NASDAQ:SDC).
SmileDirectClub tumbled on May 4, after the oral care company said a cyberattack last month could cost it as much as $15 million in revenues. Shares of the Nashville company were down as much as 14.3%. The company said in a regulatory filing that it had experienced a systems outage caused by a "cybersecurity incident" on April 14. SmileDirectClub said 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." But the company said the incident "may have a material impact on its business operations and financial results in the second quarter."
If you currently own shares and/or options of SmileDirectClub and want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at firstname.lastname@example.org.
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com.
David J. Schwartz
SOURCE: Labaton Sucharow LLP
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