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SHAREHOLDER ALERT Robbins LLP Announces That 3D Systems Corp. (DDD) is Being Sued for Misleading Shareholders

Nachrichtenquelle: Business Wire (engl.)
13.04.2021, 20:59  |  206   |   |   

Shareholder rights law firm Robbins LLP announces that a purchaser of 3D Systems Corp. (NYSE: DDD) filed a class action complaint against the Company and its officers and directors for alleged violations of the Securities Exchange Act of 1934 between May 6, 2020 and March 1, 2021. 3D Systems provides comprehensive 3D printing and digital manufacturing services and digital design tools.

If you suffered a loss due to 3D Systems Corp.'s misconduct, click here.

3D Systems Corp. (DDD) Lacked Proper Internal Controls Over Financial Reporting

According to the complaint, throughout the class period, 3D Systems attested to the accuracy of its financial reporting and disclosure controls and procedures.

On March 1, 2021, 3D Systems issued a press release announcing a delay in filing their 10-K annual report for the fiscal year ended December 31, 2020. Specifically, "the delay in filing is primarily related to the presentation of cash flows associated with the divestiture process for its Cimatron and GibbsCam software business." Further, "the company discovered certain internal control deficiencies. As a result, the company will report material weaknesses in internal controls in its fiscal 2020 Annual Report on Form 10-K." On March 2, 2021, 3D Systems filed a NT-10-K with the SEC, stating that their 10-K filing would be delayed for the reasons stated in their March 1 release. On this news, 3D Systems stock price fell $7.62 per share, or almost 20%, to close at $31.17 per share on March 2, 2021.

If you purchased shares of 3D Systems Corp. (DDD) between May 6, 2020 and March 1, 2021, you have until June 8, 2021, to ask the court to appoint you lead plaintiff for the class.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:
Lauren Levi
(800) 350-6003
llevi@robbinsllp.com
Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. To be notified if a class action against 3D Systems Corp. Inc. settles or to receive free alerts about companies engaged in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

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SHAREHOLDER ALERT Robbins LLP Announces That 3D Systems Corp. (DDD) is Being Sued for Misleading Shareholders Shareholder rights law firm Robbins LLP announces that a purchaser of 3D Systems Corp. (NYSE: DDD) filed a class action complaint against the Company and its officers and directors for alleged violations of the Securities Exchange Act of 1934 …

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