Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

SmileDirectClub, Inc. (SDC) Class Action Lawsuit (October 2019)

In Litigation

3:19cv962 • October 2, 2019

Class Period Start

September 8, 2019

Class Period End

March 12, 2020

PSLRA Deadline

December 2, 2019

Case Allegations

10b5 + Sec11

10b-5 Statutes of Repose

Sep 8, 2022

Sec11 Statutes of Repose

Sep 12, 2022

Country

United States

Court

Federal Court

Docket History

Jun 5, 2023

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Sep 30, 2022

Motion to Dismiss Denied in Part

The court has determined that plaintiffs have adequately alleged some of their claims, but have failed to adequately allege other claims. The judge has therefore denied in part the motion to dismiss filed by defendants and written an order stating which claims are dismissed and which remain. The case will proceed and parties will litigate the remaining claims.

May 14, 2021

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Mar 30, 2021

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in SmileDirectClub, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Mar 25, 2021

Scheduling Order

Mar 23, 2020

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Feb 21, 2020

First Amended Complaint

A new complaint has been filed on behalf of certain investors in SmileDirectClub, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Feb 11, 2020

Scheduling Order

Jan 27, 2020

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Oct 29, 2019

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in SmileDirectClub, Inc.. The allegations and class definitions are substantively the same.

Oct 2, 2019

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in SmileDirectClub, Inc..

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