NEW YORK, March 10, 2015 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Eastern District of New York on behalf of investors who purchased Stratasys Ltd. ("Stratasys" or the "Company") (Nasdaq:SSYS) securities between June 20, 2013 and February 2, 2015.
Click here to learn about the case: http://docs.wongesq.com/SSYS-Info-Request-Form-635. There is no cost or obligation to you.
The complaint alleges that defendants issued false and misleading statements and/or failed to disclose adverse facts about the Company's business and future prospects. In particular, it is alleged that the Company repeatedly issued positive statements regarding the Company's recently acquired subsidiary MakerBot and its products. As a result of these statements Stratasys stock traded at artificially inflated prices, allowing the Company to complete two stock offerings netting selling shareholders more than $230 million.
On February 2, 2015, Stratasys announced that its fourth quarter fiscal 2014 revenue would miss analysts' expectations, largely due to problems with MakerBot. The Company further revealed that it was taking a $100 million to $110 million impairment charge to the goodwill value of the MakerBot subsidiary.
If you suffered a loss in Stratasys you have until April 6, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/SSYS-Info-Request-Form-635.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.