3D Systems Corporation, Amdocs Limited, Mushroom Brands,
3D Systems Corporation investors who have suffered losses are encouraged to contact the company before June 8, 2021; Click on here submit business information
Amdocs Limited investors who have suffered losses are encouraged to contact the company before June 8, 2021; Click on here submit business information
Champignon Brands investors who have suffered losses are invited to contact the firm before June 9, 2021; Click on here submit business information
LOS ANGELES, June 03, 2021 (GLOBE NEWSWIRE) – The Portnoy law firm informs investors that a class action lawsuit has been filed on behalf of investors in 3D Systems Corporation (NYSE: DDD) who acquired shares between May 6, 2020 and March 1, 2021. Investors have until June 8, 2021 to seek an active role in this litigation.
A class action lawsuit has also been filed on behalf of investors in Amdocs Limited (NASDAQ: DOX) who acquired shares between December 13, 2016 and March 30, 2021. Investors have until June 8, 2021 to seek an active role in this dispute.
A class action lawsuit has also been filed on behalf of investors in Champignon Brands, Inc. (OTC: SHRMF) who acquired shares between December 13, 2016 and March 30, 2021. Investors have until June 9, 2021 to seek a active role in this litigation.
Investors are encouraged to contact a lawyer Lesley F. Portnoy, to determine eligibility to participate in this action, by phone at 310-692-8883 or E-mail, or by clicking on the links above.
3D Systems Corporation
3D Systems issued a press release on March 1, 2021 advising investors that it will delay filing its annual report on a Form 10-K. 3D systems stated that “the late filing is primarily related to the presentation of cash flows associated with the process of divesting its Cimatron and GibbsCam software businesses.” 3D Systems also stated that it has identified “certain internal control weaknesses” and that, therefore, it “would report material internal control weaknesses in its FY2020 annual report on Form 10-K”. 3D Systems filed an NT-10-K with the SEC on March 2, 2021, which indicates that their 10-K filing would be delayed. On this news, 3D Systems’ share price fell by $ 7.62 per share, or more than 19.6%, from $ 38.79 per share on March 1, 2021 to $ 31.17 per share. on March 2, 2021, detrimental to investors. . The lawsuit alleges that throughout the Class Period, the Defendants made misleading and / or false statements and / or failed to disclose that: (1) 3D Systems did not have appropriate internal controls over financial reporting; and (2) 3D Systems’ public statements were therefore materially false and / or misleading at all material times.
It is alleged in this complaint that Amdocs made misleading and / or false statements and / or failed to disclose relevant information to investors. Amdocs is the subject of a report published on March 31, 2021 by Jehoshaphat Research. According to the report, Amdocs overestimated its profitability. Josaphat alleges that Amdoc replaced reputable auditors with “scandal-ridden or tiny shops.” It is alleged that Amdoc “spread” its balance sheet in order to hide its loans. The report quotes a former Amdoc executive as saying: âUS business was declining at a rate of [around] 7% per year … but then we would see the business [publish results that] say that North America is stable.
Champignon Brands, Inc.
It is alleged in this complaint that Champignon made misleading and false statements to the market. Sufficient internal financial controls were not maintained by Champignon. Mushroom issued financial statements that were false and could not be relied on, requiring restatement. Champignon has engaged in acquisitions with undisclosed third parties and, as a result, the British Columbia Securities Commission will suspend Champignon from its operations. Mushroom’s public statements were therefore misleading and false throughout the course period. Investors suffered damage when the market learned the truth about Mushroom.
Class actions have already been filed. If you wish to act as the principal plaintiff in the cases against 3D Systems Corporation or Amdocs Limited, you must move to court no later than June 8, 2021. If you wish to serve as the principal plaintiff in the case against Champignon Brands, you must move the court no later than June 9, 2021.
Please visit our website to view more information and submit your transaction information.
The Portnoy law firm represents investors in the context of corporate mischief lawsuits. The company’s founding partner has recovered more than $ 5.5 billion for aggrieved investors. Lawyer advertising. Past results do not guarantee similar results.
Lesley F. Portnoy, Esq.
CA and NY bar admitted