NEW ORLEANS--(BUSINESS WIRE)--
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into SmileDirectClub, Inc. (NasdaqGS: SDC).
On September 24, 2019, only weeks after its initial public offering (“IPO”), the dental aligner therapy company was sued in a federal class action lawsuit filed by a group of dentists, orthodontists and consumers alleging damages suffered as a result of its fraudulent and misleading marketing practices regarding the effectiveness, comparable level of dental care, and return policies of its products, among other charges.
The complaint further alleges that the Company “has engaged in a deliberate, intentional, and well-lawyered campaign to stifle any legitimate, publicly-stated concerns or criticisms of its product and/or business practices” in order to quell or cover up negative information while in the process of “going public” and raising money in the public markets.
The complaint can be found at:
KSF’s investigation is focusing on whether SmileDirectClub and/or its officers and directors violated state or federal securities laws.
If you are a SmileDirectClub shareholder and have suffered losses, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-sdc/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.