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SDC

SmileDirectClub

$9.96 /

+0.73 (+7.91%)

13:03
01/13/20
01/13
13:03
01/13/20
13:03

SmileDirect granted motion for summary judgment against NJ Dental Association

Following the Superior Court of New Jersey's decision on January 10, 2020 granting SmileDirectClub's motion for summary judgment against the New Jersey Dental Association, Susan Greenspon Rammelt, SmileDirectClub Chief Legal Officer, issued the following statement: "We are pleased that the Superior Court of New Jersey granted our motion for summary judgment against the New Jersey Dental Association's sham complaint against SmileDirectClub and concluded that its allegations about our business and the independence of the doctors who use our network are false. This court decision verifies that SmileDirectClub's model is in full compliance with the law, and that SmileDirectClub is not engaged in the corporate practice of dentistry." The New Jersey Dental Association's January 2019 complaint alleged that SmileDirectClub illegally practiced dentistry in New Jersey through its control over the dentists that choose to utilize SmileDirectClub's marketing and administrative support services and its teledentistry platform and that its marketing practices were in violation of New Jersey law. "By granting SmileDirectClub's motion for summary judgement, the court concluded that the allegations were wholly without merit," the company added.

SDC SmileDirectClub
$9.96 /

+0.73 (+7.91%)

01/09/20 Wolfe Research
SmileDirectClub initiated with an Underperform at Wolfe Research
01/06/20 Craig-Hallum
SmileDirectClub initiated with a Buy at Craig-Hallum
12/18/19 Goldman Sachs
SmileDirectClub initiated with a Neutral at Goldman Sachs
11/13/19 JPMorgan
SmileDirectClub should beat 'conservative' outlook for Q4, says JPMorgan

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