Deadline Alert: Kessler Topaz Meltzer & Check, LLP Alerts Investors on Lead Plaintiff’s Deadline in Securities Fraud Class Action Against 3D Systems Corp. | state
RADNOR, Pennsylvania., June 5, 2021 / PRNewswire / – Law firm Kessler Topaz Meltzer & Check, LLP reminds investors of 3D Systems Corp. (NYSE: DDD) (“3D Systems”) that a securities fraud class action lawsuit has been filed on behalf of those who have purchased or acquired 3D Systems securities Between May 6, 2020 and March 1, 2021, inclusive (the “Class Period”).
Deadline reminder: Investors who bought or acquired 3D Systems securities during the Class Action Period may, not later than June 8, 2021, seek to be appointed as principal applicant representative of the group. For more information or to find out how to participate in this dispute, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; by e-mail to [email protected]; or Click on https://www.ktmc.com/3d-systems-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=3d
3D Systems provides complete 3D printing and digital manufacturing solutions, including 3D printers for plastics and metals, materials, software, on-demand manufacturing services, and digital design tools.
The Recourse Period begins on May 6, 2020, when after market close, 3D Systems filed a quarterly report on Form 10-Q for the completed quarterly period March, 31st, 2020. As part of this filing, some of the defendants have included certificates attesting, among other things, to the accuracy of financial information, the disclosure of any material change to the company’s internal control with respect to the financial information and disclosure of any fraud. 3D Systems subsequently filed quarterly reports on Aug 5, 2020 and November 5, 2020, attesting to the accuracy of the same information.
At March 1, 2021, 3D Systems issued a press release announcing a delay in filing its 10-K annual report for the fiscal year ended December 31, 2020. In a relevant part, the press release stated that 3D Systems would delay filing its annual report on a Form 10-K and that the delay “is primarily related to the presentation of cash flows associated with the process of divesting its software business. Cimatron and GibbsCam. In addition, said 3D Systems, “the company will report material weaknesses in internal controls in its FY2020 annual report on Form 10-K.”
Following this news, the 3D Systems share price fell $ 7.62 per share, or more than 19.6%, since closing at $ 38.79 per share on March 1, 2021 close at $ 31.17 per share on March 2, 2021.
The complaint alleges that, throughout the Class Period, the Defendants made false and / or misleading statements and / or failed to disclose that: (1) 3D Systems lacked proper internal controls over financial reporting; and (2) accordingly, 3D Systems’ public statements were materially false and / or misleading at all material times.
3d systems investors can, not later than June 8, 2021, seek to be appointed as the lead representative of class claimants through Kessler Topaz Meltzer & Check, LLP, or another lawyer, or may choose to do nothing and remain an absent member of the class. A principal plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be named the Principal Plaintiff, the Court must determine that the Class Member’s claim is typical of the claims of other Class Members, and that the Class Member will adequately represent the Class. Your ability to participate in any recovery is not affected by the decision whether or not to serve as the principal applicant.
Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country relating to securities fraud, breach of fiduciary duty, and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force in corporate governance reform and has raised billions of dollars on behalf of institutional and individual investors from United States and all over the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and participate in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 route du Roi de Prussia
Radnor, Pennsylvania 19087
(844) 887-9500 (toll free)
View original content to download multimedia:http://www.prnewswire.com/news-releases/deadline-alert–kessler-topaz-meltzer–check-llp-alerts-investors-of-lead-plaintiff-deadline-in-securities-fraud-class- action-lawsuit-against-3d-systems-corp-301305953.html
SOURCE Kessler Topaz Meltzer & Check, LLP