An investigation for investors in Kornit Digital Ltd. (NASDAQ: KRNT) shares over potential securities laws violations by Kornit Digital Ltd. was announced.
San Diego, CA -- (SBWIRE) -- 05/28/2019 -- An investigation was announced concerning potential securities laws violations by Kornit Digital Ltd.
Investors who purchased shares of Kornit Digital Ltd. (NASDAQ: KRNT), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Kornit Digital Ltd. (NASDAQ: KRNT regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Isreal based Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry. On May 7, 2019, a report was published regarding Kornit Digital Ltd., entitled "Teed Up And Printing Rebates". The report alleged, among other issues, that Kornit Digital Ltd. was "not adequately disclosing" the terms of Amazon price rebates; that there was "a discrepancy between reported Amazon revenues in Kornit's filings"; and Kornit Digital Ltd. had engaged in "aggressive tactic[s]" with respect to reporting the cost of warrants granted to Amazon, "which the SEC questioned, and made [Kornit] restate results."
Those who purchased shares of Kornit Digital Ltd. (NASDAQ: KRNT) have certain options and should contact the Shareholders Foundation.
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