Former Louisiana Attorney General Charles C. Foti, Jr., Esq., Partner at Law Firm Kahn Swick & Foti, LLC (“KSF”), Informs Investors that KSF is Continuing to Investigate 3D Systems Corporation (NYSE:DDD).
On March 1, 2021, the company announced that the filing of its 10-K annual report would be delayed, primarily due to “the presentation of cash flows associated with the process of disposing of its Cimatron and GibbsCam software businesses.”” On March 5, 2021, when the Form 10-K was finally filed, the company disclosed internal control issues related to “non-standard contracts and non-standard contractual clauses” and “the review of reports and analyzes prepared in used in the financial close process, ” among other disappointing news.
Subsequently, the Company and certain of its officers were sued in a securities class action for failing to disclose material information during the Class Period, in violation of federal securities laws, which are still ongoing.
KSF’s investigation focuses on whether 3D’s officers and/or directors breached their fiduciary duties to 3D shareholders or otherwise violated federal or state laws.
If you have any information that could assist KSF in its investigation, or if you have been a long-term holder of 3D shares and wish to discuss your legal rights, you may, at no obligation or cost to you, call toll free on 1 -877-515-1850 or email Lewis Kahn, KSF Managing Partner ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-ddd/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – in seeking recoveries for investment losses resulting from corporate fraud or malfeasance by listed companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you can visit www.ksfcounsel.com.