LOS ANGELES, Aug 11, 2021 (GLOBE NEWSWIRE via COMTEX) --
LOS ANGELES, Aug. 11, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm
advises SmileDirectClub, Inc. ("SmileDirectClub" or the "Company")
investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
Investors are encouraged to contact attorney Lesley F. Portnoy , by phone 310-692-8883 or email : email@example.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com . The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.
After the market closed on August 9, 2021, SmileDirectClub announced its second quarter 2021 financial results, reporting "total revenue was $174 million," falling below the prior guidance, which expected between $195 million and $200 million.
On August 10, 2021, SmileDirectClub's stock price fell $1.62, or 24%, on this news, to close at $5.08 per share thereby injuring investors.
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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
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