Investigation Overview
April 28, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of 3D Systems Corporation (NYSE:DDD) was initiated concerning whether certain 3D Systems officers and directors possibly breached their fiduciary duties in connection with certain statements.
The investigation by a law firm concerns whether certain 3D Systems officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
3D Systems Corporation reported that its annual Total Revenue rose from $353.63 million in 2012 to $513.40 million in 2013 and that its respective Net Income increased from $38.94 million to $44.11 million. Shares of 3D Systems Corporation (NYSE:DDD) grew from $29.16 in March 2013 to as high as $96.42 per share in January 2014. Since then NYSE:DDD shares lost significant in value and declined to $54.544 on March 21, 2014.
On April 25, 2014, 3D Systems Corporation shares closed at $49.64 per share.