GPM Announces That It Has Filed a Securities Class Action on Behalf of 3D Systems, Inc. Investors
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LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action on behalf of investors of 3D Systems Corporation (“3D Systems” or the “Company”) (NYSE: DDD) who purchased shares between October 29, 2013 and October 22, 2014 and have been damaged by the recent declines in the Company’s stock price. 3D Systems investors have until August 14, 2015 to file a lead plaintiff motion.
The complaint alleges that 3D Systems and certain of its executives failed to disclose material information to investors in violation of federal securities laws. The alleged false statements and omissions include, but are not limited to: (i) 3D Systems’ ability to increase capacity; (ii) the true demand for the Company’s products; (iii) the value of its acquisitions; and (iv) the Company’s expected earnings. On October 22, 2014, 3D Systems announced disappointing preliminary results for the third quarter and lowered its guidance for the full year, stating that the poor results were due to capacity constraints. On this news, the price of 3D Systems’ shares plummeted by over 15% on unusually high volume.
If you purchased shares of 3D Systems between October 29, 2013 and October 22, 2014 and suffered a loss of over $1,000,000 you are encouraged to contact Casey Sadler of GPM to discuss your legal rights at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150810006375/en/
Glancy Prongay & Murray, Los Angeles
Casey Sadler, 310-201-9150
or 888-773-9224
[email protected]
www.glancylaw.com
Source: Glancy Prongay & Murray LLP
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