A complaint has been filed in the USDC for the Eastern District of New York on behalf of investors who purchased Stratasys common stock during a class period of between May 9, 2014 and February 2, 2015.
The complaint focuses on whether the Company and its executives violated federal securities laws by making materially false and misleading statements regarding the Company's business. Specifically, the complaint alleges that the Company issued multiple positive statements regarding the Company's recent acquisition of MakerBot and its products. As a result of these statements, Stratasys stock traded at artificially inflated prices. The Company then completed two stock offerings netting selling shareholders more than $230 million.
Then, on February 2, 2015 the Company announced that technical problems in the Makerbot product line would negatively impact the Company's 2014 and 2015 financial performance. Following this news, Stratasys stock fell nearly 30% to $57.00.
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Take Action
If you invested in Stratasys stock or options between May 9, 2014 and February 2, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/SSYS. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to Email Contact. Faruqi & Faruqi, LLP also encourages anyone with information regarding Stratasys' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Email Contact
Telephone: (877) 247-4292 or (212) 983-9330
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