Why SmileDirectClub Stock Popped 9.5% Today [The Motley Fool]
SmileDirectClub, Inc. (SDC)
Last smiledirectclub, inc. earnings: 2/25 04:03 pm
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Source: The Motley Fool
What happened Shares of SmileDirectClub ( NASDAQ:SDC So what The lawsuit in question was filed earlier this year by customers and orthodontists competing with SmileDirectClub. It alleged that the company was committing fraud and false advertising by allowing unlicensed administrative personnel, rather than licensed orthodontists, to fit patients for plastic "molds" used to straighten their teeth. In response, SmileDirectClub "maintained that there was no merit to these claims being filed in court," and the company is now declaring victory, saying "these withdrawals are a confirmation of our position." (Consumers seem to agree. SmileDirectClub's sales grew Image source: Getty Images. Now what SmileDirectClub notes that there remains one active plaintiff in the "class" action, as well as a single complaint against its business practices that "has been sent to arbitration." So the company's legal troubles aren't completely at an end. That being said, the evaporation of more than 9% of th
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