LEAD COMPLAINANT DEADLINE IS FEBRUARY 22, 2022
NEW YORK, Dec. 29, 2021 (GLOBE NEWSWIRE) – Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in United States District Court for the District of Massachusetts on behalf of persons and entities that purchased or otherwise acquired securities of Desktop Metal, Inc. (“Desktop Metal” or the “Company”) (NYSE: DM) between March 15, 2021 and November 15, 2021 inclusive (the “Recourse Period “).
All investors who have purchased the shares of Desktop Metal, Inc. and any losses incurred are requested to contact the company immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You can obtain additional information about the action or join the case on our website, www.whafh.com.
If you have suffered losses in Desktop Metal, Inc., you can, no later than February 22, 2022, request that the Court appoint you as the principal plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Desktop Metal, Inc.
PLEASE CLICK HERE TO ATTACH THE CASE
On February 16, 2021, Desktop Metal acquired EnvisionTEC, Inc. and certain of its affiliates (collectively, “EnvisionTEC”), a provider of photopolymer series 3D printing solutions for end-use parts.
On November 8, 2021, after the market closed, Desktop Metal revealed that it was conducting an internal investigation into certain issues, including “Manufacturing and product compliance practices and procedures for a subset of its equipment and photopolymer materials at its EnvisionTec US LLC plant.” “ The Company also said that the CEO of EnvisionTec US LLC has resigned. Following this news, the company’s shares fell $ 0.39, or 4%, to close at $ 8.81 per share on November 9, 2021.
Then, on November 15, 2021, after the market closed, the Company declared that it would notify the United States Food and Drug Administration (“FDA”) of “Compliance issues with certain shipments of EnvisionTEC’s Flexcera dental resins and its PCA4000 curing box. “
Following this news, the company’s shares fell $ 1.19, or 15%, to close at $ 6.83 per share on November 16, 2021, on unusually high trading volume.
Wolf Haldenstein has extensive experience prosecuting securities class actions and derivative disputes in federal and state trial and appellate courts across the country. The firm has lawyers in various areas of practice; and offices in New York, Chicago and San Diego. The firm’s reputation and expertise in shareholder litigation and other class actions have been repeatedly recognized by the courts, which have appointed it to senior positions in complex multidistrict and consolidated securities litigation.
If you would like to discuss this action or have any questions regarding your rights and interests in this matter, please immediately contact Wolf Haldenstein by phone at (800) 575-0735, by email at [email protected], or visit our website at www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Business and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Phone. : (800) 575-0735 or (212) 545-4774
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and ethical rules.