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No Smiles Here

A shareholder class action claims that SmileDirect made false or misleading statements in its $1.3 billion IPO, “specifically … the severity of the legal obstacles SmileDirect faces in 40 states,” causing the share price to drop from $23 to $13 in 15 days, in Davidson County Court.

NASHVILLE — A shareholder class action claims that SmileDirect made false or misleading statements in its $1.3 billion IPO, “specifically … the severity of the legal obstacles SmileDirect faces in 40 states,” causing the share price to drop from $23 to $13 in 15 days, in Davidson County Court.

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