Kaskela Law LLC Announces Class Action Lawsuit Against 3D Systems Corp. (DDD) and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm
PHILADELPHIA, PA / ACCESSWIRE / April 27, 2021 / Kaskela Law LLC announces that it has filed a class action lawsuit against 3D Systems Corp. on behalf of investors who purchased shares in the company between May 6, 2020. (“3D Systems” or the “Company”) (NYSE: DDD) and including March 1, 2021 (the “Class Period”).
IMPORTANT DEADLINE: Investors who purchased 3D Systems common stock during the class period may attempt to be named as Plaintiff’s principal in the lawsuit by June 8, 2021 at the latest.
3D Systems investors who have suffered an investment loss of more than $ 500,000 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.). //kaskelalaw.com/case/3d-systems-corp/ to discuss the possibility of actively participating in the action as the lead plaintiff’s representative.
According to the complaint, on March 1, 2021, 3D Systems announced that it would postpone filing the Annual Report on Form 10-K for the fiscal year ending December 31, 2020. 3D Systems stated that “the delay in filing was primarily related to the presentation of cash flows associated with the divestment process for the software business of Cimatron and GibbsCam.” 3D Systems also disclosed that “[i]n in the course of preparing the financial results for the fourth quarter and full year 2020 [3D Systems] discovered certain deficiencies in internal control “and that”[a]a result, [3D Systems] will report major weaknesses in internal controls on Form 10-K in its 2020 annual report. “
Following this news, the company’s common stock fell $ 7.62 per share, or nearly 20% of its value, to close at $ 31.17 on March 2, 2021 due to the high trading volume.
3D Systems investors who have suffered an investment loss of more than $ 500,000 are encouraged to contact Kaskela Law LLC to discuss the opportunity to actively participate in the action as the lead plaintiff’s agent. Kaskela Law LLC only represents investors in the areas of securities fraud, corporate governance, and merger and acquisition disputes. For more information about Kaskela Law LLC, please visit www.kaskelalaw.com.
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D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
SOURCE: Kaskela Law LLC
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