OAKLAND, Calif.--(BUSINESS WIRE)--Girard Gibbs LLP is investigating potential claims on behalf of investors of Electronics for Imaging, Inc. (NASDAQ: EFII) involving possible securities law violations.
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On August 3, 2017, after the close of trading, Electronics for Imaging announced that it was postponing a conference call regarding its second quarter 2017 preliminary results in order to enable to the company to better assess the timing of revenue recognition related to certain sales transactions.
Electronics for Imaging further disclosed that it is assessing the effectiveness of its current and historical disclosure and financial reporting controls, and that it expects to report a material weakness in internal control related to these transactions. The company stated that it expects to report that disclosure controls were not effective in prior periods as well.
Following this news, Electronics for Imaging’s share price fell in after-hours trading by over 18%.
If you purchased or acquired shares of Electronics for Imaging, Inc. and would like to speak privately with a securities attorney to learn more about the investigation and your legal rights, visit our website or contact the securities team directly at (800) 254-9493.
Girard Gibbs LLP is one of the nation’s leading firms representing individual and institutional investors in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and has earned Tier-1 rankings and been named in the U.S. Lawyers – Best Law Firms list for five consecutive years.
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