| COMPANY |
3D Systems Corp. |
| COURT |
United States District Court for the Eastern District of New York |
| CASE NUMBER |
21-cv-061920 |
| JUDGE |
The Honorable Taryn A. Merkel |
| CLASS PERIOD |
May 6, 2020 - March 1, 2021 |
| SECURITY TYPE |
All Securities |
Case Background:
The Class Period commences on May 6, 2020, when after the market closed, 3D Systems filed a Form 10-Q quarterly report for the quarterly period ended March 31, 2020. As part that filing, certain of the defendants included certifications attesting to, among other things, the accuracy of financial reporting, the disclosure of any material changes to the company’s internal control over financial reporting and the disclosure of all fraud. Thereafter, 3D Systems filed quarterly reports on August 5, 2020 and November 5, 2020, attesting to the accuracy of the same information.
The complaint alleges that, throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) 3D Systems lacked proper internal controls over financial reporting; and (2) as a result, 3D Systems’ public statements were materially false and/or misleading at all relevant times.
Current Status of Case:
On November 21, 2023, the Court held a Final Settlement Hearing and took the Settlement under advisement. On December 5, 2023, the Magistrate Judge entered a Report and Recommendation recommending that Plaintiff's Motion for Final Settlement Approval and Motion for Attorney's Fees, Reimbursement of Litigation Expenses, and Awards to Plaintiffs be granted. On January 4, 2024, the Court entered an Order adopting Magistrate Judge’s Report and Recommendation and Final Judgment. This action has concluded.
The deadline to file a claim is October 24, 2023. If you have any questions or need further information about this settlement, you may go to the following website, www.strategicclaims.net/3dsc, or you can contact the claims administrator, Strategic Claims Services at 1-866-274-4004.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com.