| 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. This action is ongoing.
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.