SAN DIEGO & NASHVILLE, Tenn.–(BUSINESS WIRE)–$SDC #ClassAction–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
[email protected]
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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Contacts
Leo Kandinov
Robbins Arroyo LLP
5040 Shoreham Place
San Diego, CA 92122
[email protected]
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
