BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Electronics for Imaging, Inc. (“EFII” or the “Company”) (NASDAQ: EFII) investors concerning the Company and its officers’ possible violations of federal securities laws.
On August 3, 2017, the Company disclosed that it was postponing its quarterly results conference call to “complete an assessment of the timing of recognition of revenue” related to “certain transactions where a customer signed a sales contract for one or more large format printers and was invoiced, and the printer(s) were stored at a third party in-transit warehouse prior to delivery to the end user.” The Company also disclosed that its audit committee was conducting an independent review of the effectiveness of the Company’s disclosure controls and internal controls over financial reporting.
On this news the Company’s shares fell $21.61 per share, or 45%, to close at $26.05 per share on August 4, 2017, thereby injuring investors.
If you purchased EFII securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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