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NASDAQ:KRNT Shareholder Notice: Investigation over Potential Wrongdoing by Kornit Digital Ltd.

Via: ReleaseWire

Updated 11:30 AM CDT, Thu, September 05,2019

An investigation on behalf of investors in Kornit Digital Ltd. (NASDAQ: KRNT) shares over potential wrongdoing at Kornit Digital Ltd. was announced.

San Diego, CA -- (SBWIRE) -- 09/05/2019 -- Certain directors of Kornit Digital Ltd. are under investigation over potential breaches of fiduciary duties.

Investors who purchased shares of Kornit Digital Ltd. (NASDAQ: KRNT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Kornit Digital directors breached their fiduciary duties and caused damage to the company and its shareholders.

Isreal based Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry. Kornit Digital Ltd. Reported thatr ist annual Total Revenue rose from $114.08 million in 2017 to $142.37 million in 2018 and that its Net Loss of $2.01 million in 2017 turned to a Net Income of $12.42 million in 2018.

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."

Shares of Kornit Digital Ltd. (NASDAQ: KRNT) declined on May, 2019 to $23.93 per share.

Those who purchased shares of Kornit Digital Ltd. (NASDAQ: KRNT) 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

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqkrnt-shareholder-notice-investigation-over-potential-wrongdoing-by-kornit-digital-ltd-1258478.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com