Gpm announces the filing of a securities class action on behalf of 3d
systems, inc. investors
Los angeles--(business wire)--glancy prongay & murray (“gpm”) announces that a class action has been filed on behalf of investors of 3d systems corporation (“3d systems” or the “company”) (nyse:ddd) who purchased shares between october 29, 2013 and october 22, 2014 and have been damaged by the recent declines in the company’s stock price. 3d systems investors have until august 14, 2015 to file a lead plaintiff motion. investors who suffered losses in excess of $100,000 are encouraged to contact gpm to discuss their legal rights. the complaint alleges that 3d systems and certain of its executives failed to disclose material information to investors in violation of federal securities laws. the alleged false statements and omissions include, but are not limited to: (i) 3d systems’ ability to increase capacity; (ii) the true demand for the company’s products; (iii) the value of its acquisitions; and (iv) the company’s expected earnings. on october 22, 2014, 3d systems announced disappointing preliminary results for the third quarter and lowered its guidance for the full year, stating that the poor results were due to capacity constraints. on this news, the price of 3d systems’ shares plummeted by over 15% on unusually high volume. if you purchased shares of 3d systems between october 29, 2013 and october 22, 2014 and suffered a loss of over $100,000 you are encouraged to contact gpm to discuss your legal rights at 310-201-9150, toll-free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. if you inquire by email please include your mailing address, telephone number and number of shares purchased. this press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.
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