SAN FRANCISCO — A defunct San Francisco purveyor of invisible braces didn’t hoodwink investors about its chances in a bet-the-company patent case, a federal judge ruled Friday.
OrthoClear Inc. settled a patent case with Align Technology Inc. in 2006, agreeing to shut down its business in exchange for $20 million. But a cadre of angry orthodontists who’d invested in the company sued OrthoClear and its executives for misleadingly assuring them that Align’s patent suit had no merit.
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