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SmileDirectClub Sued In Del. Over Insider Gains On $1.3B IPO

By Jeff Montgomery ( November 22, 2019, 9:02 PM EST) -- A SmileDirectClub investor sued the company's directors in Delaware's Chancery Court late Friday, seeking damages over the alleged use of nearly $700 million in proceeds from a $1.3 billion initial public offering to buy up mostly insider-held, pre-IPO company securities just before the new stock started a nose-dive....

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