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3D Systems Corporation (NYSE: DDD) Investor Securities Class Action Lawsuit 04/09/2021

  • If you purchased a significant amount of shares of 3D Systems Corporation (NYSE: DDD) between May 6, 2020 and March 1, 2021, and / or if you purchased any NYSE: DDD shares prior to May 2020 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: June 8, 2021. NYSE: DDD investors should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
3D Systems Corporation
Security
NYSE: DDD

Case Name
3D Systems Corporation Shareholder Class Action Lawsuit 04/09/2021
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Eastern District of New York

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

April 09, 2021 - An investor in shares of 3D Systems Corporation (NYSE: DDD) filed a lawsuit in the U.S. District Court for the Eastern District of New York over alleged violations of Federal Securities Laws by 3D Systems Corporation in connection with certain allegedly false and misleading statements made between May 6, 2020 and March 1, 2021.

Rock Hill, SC based 3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions worldwide.

3D Systems Corporation reported that its annual Total Revenue declined from $629.09 million in 2019 to $557.24 million in 2020, and that its Net Loss increased from $69.88 million in 2019 to $149.59 million in 2020.

On March 1, 2021, after trading hours, 3D Systems Corporation advised investors that it was unable to timely file its annual report for 2020, while reporting unaudited fourth quarter and full year 2020 financial results. The Company further stated that "the delay in filing is primarily related to the presentation of cash flows associated with the divestiture process for its Cimatron and GibbsCam software businesses."

Shares of 3D Systems Corporation (NYSE: DDD) declined from $55.96 per share on February 9, 2021 to as low as $22.00 per share on March 5, 2021.

According to the complaint the plaintiff alleges on behalf of purchasers of 3D Systems Corporation (NYSE: DDD) common shares between May 6, 2020 and March 1, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 6, 2020 and March 1, 2021, the defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that 3D Systems lacked proper internal controls over financial reporting, and that as a result, 3D Systems' public statements were materially false and/or misleading at all relevant times.