California court confirms $63M arbitration award for Align against SmileDirectClub; SDC motion to vacate denied

ALIGN TECHNOLOGY INC

Superior Court of Santa Clara County confirmed $63M final arbitration award in Align's favor and denied SDC's petition to vacate.
Arbitrator found SDC breached 2016 Supply Agreement; Align did not breach. Award is maximum under liability cap.
If SDC appeals, it must post bond of ~$94M (150% of judgment). Interest accrues at 10% per annum (~$17k/day).
Align expects to recognize award when it determines amount is realizable.
Court noted arbitrator 'paid careful attention to everything,' indicating strong ruling.

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