NEW YORK, March 25, 2015 (GLOBE NEWSWIRE) -- Scott+Scott, Attorneys at Law, LLP ("Scott+Scott") and Lockridge Grindel Nauen P.L.L.P. ("Lockridge") filed a class action complaint against Stratasys Ltd. ("Stratasys" or the "Company") in the U.S. District Court for the District of Minnesota. The complaint was filed on behalf of all persons who purchased or otherwise acquired Stratasys securities (Nasdaq:SSYS) between June 19, 2013 and February 2, 2015 (the "Class Period") and seeks remedies under the Securities Exchange Act of 1934.
Investors who purchased Stratasys securities during the Class Period and wish to serve as a lead plaintiff in the class action must move the Court no later than April 6, 2015. Members of the investor class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain absent class members in the lawsuit. If you wish to discuss this action or have questions concerning this notice or your rights, please contact Scott+Scott (scottlaw@scott-scott.com, (800) 404-7770, (860) 537-5537 or visit the Scott+Scott website for more information: http://www.scott-scott.com.
Stratasys is a company engaged in the business of additive manufacturing ("AM"), more commonly known as three-dimensional ("3D") printing. Stratasys carries five lines of AM systems, including the MakerBot Series. The MakerBot Series consists of desktop-size printers. Throughout the Class Period, Defendants made a number of bullish statements touting the benefits of the MakerBot acquisition, as well as the Company's growth and diverse product line.
On February 2, 2015, Stratasys stunned the market by warning that its fourth quarter fiscal 2014 revenue would miss analysts' expectations, largely based on problems with its MakerBot unit. The Company stated that expenses and delays related to the Company's MakerBot 3D platforms caused Stratasys to increase its impairment charge to the goodwill value of MakerBot to $100 million to $110 million, pointing to slower growth of MakerBot products and services revenues.
You can view a copy of the complaint filed at: http://www.scott-scott.com/cases/s+sstratasyscomplaint.pdf
If you wish to discuss the Stratasys litigation, or have questions concerning this notice or your rights, please contact Michael Burnett of Scott+Scott at mburnett@scott-scott.com, (800) 404-7770, or (860) 537-5537, or visit the Scott+Scott website for more information: http://www.scott-scott.com.
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide.