Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Electronics for Imaging, Inc. (“EFI”) securities between February 22, 2017 and August 3, 2017, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) EIF was improperly recognizing revenue; (2) the company’s disclosure controls and procedures were not effective; (3) EIF’s internal control over financial reporting were not effective; and (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On January 31, 2019, the Court granted Defendants’ Motion to Dismiss, and closed the case on March 13, 2019. This action has concluded.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; 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.