| COMPANY |
Desktop Metal, Inc. |
| COURT |
United States District Court for the District of Massachusetts |
| CASE NUMBER |
21-cv-12099 |
| JUDGE |
The Honorable Indira Talwani |
| CLASS PERIOD |
February 17, 2021 - November 15, 2021 |
| SECURITY TYPE |
All Securities |
Case Background:
A class action lawsuit has been filed on behalf of those who purchased or acquired Desktop Metal, Inc. (“Desktop Metal”) (NYSE: DM) securities between February 17, 2021 and November 15, 2021, inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, the Defendants failed to disclose to investors that: (1) there were deficiencies in EnvisionTEC’s manufacturing and product compliance practices and procedures; (2) the foregoing deficiencies presented a material risk to the commercialization of EnvisionTEC’s products; and (3) as a result of the foregoing, the defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Current Status of Case:
On September 20, 2023, the Court granted Defendants’ Motion to Dismiss. On October 13, 2023, Lead Plaintiff filed a Notice of Appeal to the First Circuit Court of Appeals, and on October 28, 2024, the First Circuit affirmed the District Court’s ruling. This action has concluded. .
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. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.