SmileDirectClub Plans To Appeal Decision In Align Technology Arbitration
Portfolio Pulse from Benzinga Newsdesk
SmileDirectClub (SDC) plans to appeal a decision that requires it to pay $63 million to Align Technology (ALGN) following a dispute over an exclusive supply agreement with its former strategic partner.
August 24, 2023 | 9:26 pm
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NEGATIVE IMPACT
The appeal by SmileDirectClub could delay the receipt of the $63 million payment to Align Technology, potentially affecting its short-term revenue.
The appeal by SmileDirectClub could delay the receipt of the $63 million payment to Align Technology, which could affect its short-term revenue.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
SmileDirectClub's decision to appeal could lead to prolonged legal expenses, potentially impacting its financials in the short term.
The appeal process could lead to additional legal costs for SmileDirectClub, which could negatively impact its financial performance in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100