SmileDirectClub And The Office Of District Of Columbia Attorney General Brian L. Schwalb Settle Dispute
Portfolio Pulse from Happy Mohamed
SmileDirectClub (NASDAQ:SDC) has settled a dispute with the Office of District of Columbia Attorney General Brian L. Schwalb, resolving litigation over allegations that the company stifled consumer reviews by requiring a confidentiality clause for prorated refunds. SmileDirectClub does not require customers to sign a non-disclosure agreement before or during treatment.
June 22, 2023 | 2:52 pm
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SmileDirectClub settles a dispute with the District of Columbia AG, resolving allegations of stifling consumer reviews. The company does not require non-disclosure agreements for prorated refunds.
The settlement resolves the litigation and clarifies that SmileDirectClub does not require non-disclosure agreements for prorated refunds. This may have a neutral impact on the stock price as the issue is resolved, but it is not a major development for the company.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100