NEW YORK, Feb. 9, 2015 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A., a global investor rights firm, announces that a class action lawsuit has been filed on behalf of investors who purchased American Depository Shares of Stratasys Ltd. (Nasdaq:SSYS) between May 9, 2014 and February 2, 2015. The lawsuit seeks to recover investors' losses under the federal securities laws.
To join the Stratasys class action, visit the firm's website at http://www.rosenlegal.com/cases-505.html, or contact Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
According to the lawsuit, Stratasys and certain of its officers and directors made false and/or misleading statements about the Company's business and future prospects. The suit claims that the Company issued positive statements regarding its recent acquisition of the MakerBot subsidiary. As a result of these allegedly false positive statements, the Company's stock traded at artificially high prices in two sock offerings. On February 2, 2015, the Company announced that its revenue for the fourth quarter of 2014 would be lower than the estimates made by analysts, largely due to problems with MakerBot. On this news, shares of Stratasys fell $22.72, or 28%, to close at $57.36 on February 3, 2015.
If you wish to serve as lead plaintiff, you must move the Court no later than April 6, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation go to http://www.rosenlegal.com/cases-505.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.