Scott+Scott Attorneys at Law LLP and Barrett Johnston Martin & Garrison, LLC Announce Pendency of Class Action Against SmileDirectClub, Inc.

NEW YORK--()--Scott+Scott Attorneys at Law LLP & Barrett Johnston Martin & Garrison, LLC:

IN THE CHANCERY COURT FOR THE STATE OF TENNESSEE TWENTIETH JUDICIAL DISTRICT, DAVIDSON COUNTY, PART IV

IN RE: SMILEDIRECTCLUB, INC. SECURITIES LITIGATION

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Lead Case No. 19-1169-IV

 

CLASS ACTION

 

THIS DOCUMENT RELATES TO:

 

ALL ACTIONS.

SUMMARY NOTICE OF PENDENCY OF CLASS ACTION

If you purchased or acquired SmileDirectClub, Inc. (“SmileDirect” or the “Company”) common stock pursuant or traceable to the Registration Statement and Prospectus issued in connection with SmileDirect’s September 12, 2019 initial public offering (“IPO”), a class-action lawsuit may affect your rights.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Tennessee Rules of Civil Procedure and the April 28, 2021 Order of the Chancery Court for Davidson County, Tennessee, Twentieth Judicial District, Part IV (the “Court”), that the above-captioned action (the “Action”) has been certified to proceed as a class action on behalf of the Class, defined above, subject to certain exclusions. IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THIS ACTION. At this time, there is no judgment, settlement, or monetary recovery.

If you are a Class member, you have the right to decide whether to remain a member of the Class. If you choose to stay in the Class, you do not need to do anything at this time other than retain your documents relating to SmileDirect, including documents showing all of your transactions (purchases, sales, and grants) in SmileDirect common stock. You will automatically be included in the Class and all orders or judgments in the Action, whether favorable or unfavorable, will apply to you.

If you do not wish to remain a member of the Class, you must take steps to exclude yourself from the Class. If you ask to be excluded from the Class, you will not be bound by any order or judgment in the Action, but you will not be eligible to receive a share of any money which might be recovered for the benefit of the Class. To exclude yourself from the Class, you must submit a written request for exclusion by mail or email postmarked no later than December 19, 2022, in accordance with the instructions set forth in the full printed Notice of Pendency of Class Action (the “Notice”).

This notice is only a summary. The full printed Notice is currently being mailed to known potential Class members. If you have not received a copy of the Notice, you may obtain a copy of the Notice by downloading it from www.SmileDirectClubSecuritiesLitigation.com or by contacting the Notice Administrator at:

In re: SmileDirectClub, Inc. Securities Litigation, Lead Case No. 19-1169-IV
Notice c/o A.B. Data, Ltd., P.O. Box 173100, Milwaukee, WI 53217.

If you did not receive the Notice by mail and you are a member of the Class, please send your name and address to the Notice Administrator so that, if any future notices are mailed in connection with the Action, you will receive them.

Inquiries, other than requests for the Notice, may be made to Class Counsel:

DEBORAH CLARK-WEINTRAUB

JERRY E. MARTIN

MAX R. SCHWARTZ

SETH HYATT

JEFFREY P. JACOBSON

BARRETT JOHNSTON MARTIN & GARRISON, LLC

SCOTT+SCOTT ATTORNEYS AT LAW LLP

Philips Plaza

The Helmsley Building

230 Park Avenue, 17th Floor

New York, NY 10169

Telephone: (212) 223-6444

Facsimile: (212) 223-6334

414 Union Street, Suite 900

Nashville, TN 37219

Telephone: (615) 244-2202

Facsimile: (615) 252-3798

Please Do Not Call the Court with Questions.

Dated: October 20, 2022

BY ORDER OF THE COURT:

Chancery Court for Davidson County, Tennessee, Twentieth Judicial District, Part IV

 

Contacts

Deborah Clark-Weintraub
(212) 223-6444

Jerry E. Martin
(615) 244-2202

Contacts

Deborah Clark-Weintraub
(212) 223-6444

Jerry E. Martin
(615) 244-2202