An investigation for investors in Desktop Metal, Inc. (NYSE:DM) shares over potential securities laws violations by Desktop Metal, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 12/08/2021 -- Desktop Metal, Inc. is under investigation concerning potential securities laws violations by Desktop Metal, Inc. in connection with certain financial statements.
Investors who purchased shares of Desktop Metal, Inc. (NYSE: DM), 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 focuses on whether a series of statements by Desktop Metal, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Burlington, MA based Desktop Metal, Inc. manufactures and sells additive manufacturing solutions for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific.
After the market closed on November 8, 2021, Desktop Metal, Inc. announced an independent investigation resulting from an internal whistleblower complaint concerning the company's EnvisionTec subsidiary.
On November 15, the CEO of EnvisionTec resigned and the company disclosed compliance issues with shipments from EnvisionTec resulting in FDA regulatory activity.
Shares of Desktop Metal, Inc. (NYSE: DM) declined from $9.29 per share on November 8, 2021, to as low as $5.39 per share on December 6, 2021.
Those who purchased shares of Desktop Metal, Inc. (NYSE: DM) 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.