October 28, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Electronics For Imaging, Inc. (NASDAQ:EFII) shares over potential securities laws violations by Electronics For Imaging and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Electronics For Imaging, Inc. (NASDAQ:EFII) concerning whether a series of statements by Electronics For Imaging regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Electronics For Imaging, Inc. reported that its annual Total Revenue rose from $790.43 million in 2014 to $882.51 million in 2015 and thast its Net Income declined from $33.71 million in 2014 to $33.54 million in 2015.

Shares of Electronics For Imaging, Inc. (NASDAQ:EFII) grew from $36.65 per share in February 2016 to as high as $48.91 per share in September 2016.

On October 13, 2016, a report was published on Electronics For Imaging, Inc, alleging, among other things, that the Company has used 'every accounting gimmick in the book' to tweak its earnings numbers; that '[p]ersistent material exclusions of intangible amortization expenses, stock-based compensation, restructuring/other and acquisition-related costs obfuscate Electronics For Imaging, Inc's sustainable earnings'; that the Company's balance sheet is 'littered' with accounting irregularities; that management intentionally misclassified long-term receivables as 'other assets' and excluded them from its days sales outstanding calculation; and that Electronics For Imaging, Inc's current projections and price targets are out of line with reality due to the Company's accounting practices.