Deadline on Dec. 2nd coming up in Lawsuit that was filed for Investors in SmileDirectClub, Inc. (NASDAQ: SDC)

The Shareholders Foundation announced that a deadline is coming up on December 2, 2019 in the lawsuit filed for certain investors of SmileDirectClub, Inc. (NASDAQ: SDC).

Investors who purchased shares of SmileDirectClub, Inc. (NASDAQ: SDC) have certain options and there are strict and short deadlines running. Deadline: December 2, 2019. NASDAQ: SDC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Eastern District of Michigan the plaintiff alleges on behalf of purchasers of SmileDirectClub, Inc. (NASDAQ: SDC) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims 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.

This release was published on openPR.