Energy News / Shareholders Foundation, Inc.

Deadline Upcoming in $50 Million Settlement in the 3D Systems Corporation (NYSE:DDD) Investor Lawsuit

Via: ReleaseWire

Updated 12:00 PM CDT, Tue, June 12,2018

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of 3D Systems Corporation (NYSE: DDD) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on July 11, 2018 and NYSE: DDD investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 06/12/2018 -- A deadline is coming up on July 11, 2018 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of 3D Systems Corporation (NYSE: DDD) between October 29, 2013 and May 05, 2015.

Investors who purchased a significant amount of shares of 3D Systems Corporation (NYSE: DDD) between October 29, 2013 and May 05, 2015, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the 3D Systems Corporation (NYSE: DDD) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/3d-systems-corporation-nyse-ddd-investor-securities-class-action-lawsuit-06122015

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is July 11, 2018.

The lawsuit was originally filed in the U.S. District Court for the District of South Carolina over alleged violations of Federal Securities Laws by 3D Systems Corporation in connection with certain allegedly false and misleading statements made between October 29, 2013 and October 22, 2014.

According to the complaint the plaintiff alleges on behalf of purchasers of 3D Systems Corporation (NYSE: DDD) common shares between October 29, 2013 and October 22, 2014, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 29, 2013 and October 22, 2014 Defendants allegedly drove up 3D Systems Corporation's stock price by issuing allegedly false and misleading statements concerning 3D Systems Corporation's ability to increase the capacity of its metal printing business, the demand for its consumer products, the value of multiple companies it was acquiring, and the expected earnings. The plaintiff says that the truth was finally revealed on October 22, 2014, when 3D Systems Corporation surprised the market by announcing disappointing preliminary third quarter results and guided lower full year revenue and earnings.

On October 23, 2013 3D Systems Corporation reported its third quarter 2013 results. Among other things, 3D Systems Corporation said that it updated its annual guidance for the full year 2013, increasing its revenue guidance to be in the range of $500 million to $530 million and, consistent with the step up in discretionary spending, reducing its non-GAAP earnings per share guidance to be in the range of $0.93 to $1.03.

Those who purchased shares of 3D Systems Corporation (NYSE: DDD) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/deadline-upcoming-in-50-million-settlement-in-the-3d-systems-corporation-nyseddd-investor-lawsuit-993021.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com