05:19 AM EDT, 10/02/2024 (MT Newswires) -- Align Technology ( ALGN ) said Tuesday that a US district court has granted preliminary approval for a settlement deal to resolve a shareholder derivative litigation dating back to 2019.

The company and other defendants continued to deny any wrongdoing and did not commit to pay any amount, apart from a potential award of up to $575,000 in attorney's fees that will be covered by insurance, according to the statement.

The plaintiffs, meanwhile, agreed to dismiss the lawsuits, Align said.

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