NEW ORLEANS, July 03, 2015 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 14, 2015 to file lead plaintiff applications in a securities class action lawsuit against 3D Systems Corporation (NYSE:DDD) if they purchased the Company’s securities between October 29, 2013 and October 22, 2014, inclusive (the “Class Period”), including purchasers in the Company’s Secondary Offering on May 29, 2014. This action is pending in the United States District Court for the District of South Carolina.
What You May Do
If you purchased shares of 3D Systems and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 14, 2015.
About the Lawsuit
3D Systems and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false statements and omissions include, but are not limited to: (i) 3D Systems’ ability to increase capacity; (ii) the true demand for the Company’s products; (iii) the value of its acquisitions; and (iv) the Company’s expected earnings.
On October 22, 2014, 3D Systems announced disappointing preliminary results for the third quarter and lowered its guidance for the full year, stating that the poor results were due to capacity constraints.
On this news, the price of 3D Systems’ shares plummeted by over 15%.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.