February 22, 2022 Deadline Reminder for Desktop Metal, Inc. Investors in Securities Fraud Class Action

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RADNOR, Pa., Jan. 10, 2022 (GLOBE NEWSWIRE) – The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that a securities class action lawsuit has been filed in the United States District Court for the District of Massachusetts against Desktop Metal, Inc. (“Desktop Metal”) (NYSE: DM). The lawsuit accuses Desktop Metal of violations of federal securities laws, including fraudulent omissions and misrepresentation regarding the business, operations and prospects of the company. As a result of Desktop Metal’s materially misleading representations to the public, Desktop Metal’s investors suffered significant losses.

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CLICK HERE AT SUBMIT YOUR METAL OFFICE LOSSES

PRINCIPAL COMPLAINANT DEADLINE: February 22, 2022

COURSE PERIOD: March 15, 2021 to November 15, 2021

CONTACT A LAWYER TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or toll free (844) 887-9500 or by email at [email protected]

OFFICE METAL ALLEGED FAULT
Desktop Metal manufactures and sells additive manufacturing solutions for engineers, designers and manufacturers. Its platforms include, among others, Shop System, an affordable turnkey jet binding platform to bring metal 3D printing to machine and construction shops. 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, Desktop Metal revealed that “[o]n November 4, 2021, the Audit Committee of the Board of Directors of Desktop Metal, Inc.… engaged a third party to conduct an independent internal investigation into a whistleblower complaint regarding, among other things, manufacturing practices and product and procedural compliance for a subset of its photopolymer equipment and materials at its EnvisionTec US LLC plant in Dearborn, Michigan. Additionally, Desktop Metal revealed that the CEO of EnvisionTec US LLC has resigned. In the wake of this news, Desktop Metal’s stock fell $ 0.39, or 4%, to close at $ 8.81 per share on November 9, 2021.

Then, on November 15, 2021, Desktop Metal said it would notify the United States Food and Drug Administration of “compliance issues with certain shipments of EnvisionTEC’s Flexcera dental resins and its PCA4000 curing box.” Following this news, Desktop Metal’s stock fell $ 1.19, or 15%, to close at $ 6.83 per share on November 16, 2021.

WHAT CAN I DO?
Desktop Metal investors can, no later than February 22, 2022, seek to be appointed as the principal representative of the applicants of the group through Kessler Topaz Meltzer & Check, LLP or another lawyer, or may choose to do nothing and remain an absent member of the group. Kessler Topaz Meltzer & Check, LLP encourages Desktop Metal investors who have suffered significant losses to contact the company directly for more information.

CLICK HERE TO SUBSCRIBE TO THE CASE

WHO CAN BE A PRINCIPAL APPLICANT?
A principal plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead applicant is usually the investor or small group of investors who have the most significant financial interest and who are also suitable and typical for the proposed investor category. The lead plaintiff chooses a lawyer to represent the lead plaintiff and the class and these lawyers, if approved by the court, are the lead or class advocates. Your ability to participate in any recovery is not affected by the decision whether or not to serve as the principal applicant.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country and around the world. The company has developed a worldwide reputation for excellence and has recovered billions of dollars for victims of fraud and other malpractice. All of our work is guided by a common goal: to protect investors, consumers, employees and others from fraud, abuse, fault and neglect on the part of businesses and trustees. In the end, we were successful if the bad guys pay and you get your holdings back. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 route du Roi de Prussia
Radnor, Pennsylvania 19087
(844) 887-9500 (toll free)
[email protected]

A video accompanying this announcement is available on:
https://www.globenewswire.com/NewsRoom/AttachmentNg/e98c2696-00f9-4e5d-9764-0bc44c5fe0a0

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