PR Newswire
NEW YORK
, Feb. 18, 2022 /PRNewswire/ — Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Desktop Metal, Inc. (NYSE: DM).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/desktop-metal-inc-loss-submission-form/?id=23800&from=4
The lawsuit seeks to recover losses for shareholders who purchased Desktop Metal between February 17, 2021 and November 15, 2021.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until February 22, 2022 to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
According to a filed complaint, Desktop Metal, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) there were deficiencies in Desktop Metals’ acquisition EnvisionTEC’s manufacturing and product compliance practices and procedures; (2) the foregoing deficiencies presented a material risk to the commercialization of EnvisionTEC’s products; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law
