Thu 08/31/2023 17:01 PM
UPDATE 1: 5:02 p.m. ET 8/31/2023: SmileDirectClub is preparing for a potential bankruptcy filing in the next few weeks, according to sources.
Plans may change, and the company may restructure its debt on an out-of-court basis, the sources cautioned.
Last week, the Superior Court of California in the County of Santa Clara
issued an order granting Align Technology’s petition to confirm and denied SmileDirect’s petition to vacate a $63 million arbitration award entered in favor of Align....
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