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NEW YORK, November 16, 2021--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Desktop Metal, Inc. (NYSE: DM) resulting from allegations that Desktop Metal may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Desktop Metal securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2205.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action.
WHAT IS THIS ABOUT: After the market closed on November 8, Desktop Metal announced an independent investigation resulting from an internal whistleblower complaint concerning the company’s EnvisionTec subsidiary. On November 15, the CEO of EnvisionTec resigned and the company disclosed compliance issues with shipments from EnvisionTec resulting in FDA regulatory activity.
Shares of Desktop Metal stock fell 7% in intraday trading on November 9, 2021, after the initial disclosure, and dropped over 5% in aftermarket hours trading following the subsequent disclosures on November 15, 2021.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20211116006176/en/
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827