NEW ORLEANS, July 17, 2015 /PRNewswire/ -- Kahn Swick &
Foti, LLC ("KSF") and KSF partner, the former Attorney General of
Louisiana, Charles C. Foti, Jr., remind investors that they
have until August 14, 2015 to
file lead plaintiff applications in a securities class action
lawsuit against 3D Systems Corporation (NYSE: DDD) if they
purchased the Company's securities between October 29, 2013 and October 22, 2014, inclusive (the "Class Period"),
including purchasers in the Company's Secondary Offering on
May 29, 2014. This action is pending
in the United States District Court for the District of
South Carolina.
What You May Do
If you purchased shares of 3D Systems and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by August 14,
2015.
About the Lawsuit
3D Systems and certain of its executives are charged with
failing to disclose material information during the Class Period,
violating federal securities laws.
The alleged false statements and omissions include, but are not
limited to: (i) 3D Systems' ability to increase capacity; (ii) the
true demand for the Company's products; (iii) the value of its
acquisitions; and (iv) the Company's expected earnings.
On October 22, 2014, 3D Systems
announced disappointing preliminary results for the third quarter
and lowered its guidance for the full year, stating that the poor
results were due to capacity constraints.
On this news, the price of 3D Systems' shares plummeted by over
15%.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, Charles C.
Foti, Jr., and other lawyers with significant experience
litigating complex securities class actions nationwide on behalf of
both institutional and individual shareholders, you may visit
www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC