BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the October 10, 2017 lead plaintiff deadline in the class action lawsuit filed on behalf of investors that purchased Electronics For Imaging, Inc. (“Electronics For Imaging” or the “Company”) (NASDAQ: EFII) securities between February 22, 2017 through August 3, 2017, inclusive (the “Class Period”). Electronics For Imaging investors have until October 10, 2017 to file a lead plaintiff motion.
Investors suffering losses on their Electronics For Imaging investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to email@example.com.
On August 3, 2017, the Company issued a press release announcing that it was delaying the release of its second quarter 2017 financial results due to an internal investigation concerning the Company’s accounting practices.
On this news, the Company’s share price fell $21.61 per share, or more than 45%, on August 4, 2017, thereby injuring damaging investors.
The complaint filed in this class action alleges that the Company made false and/or misleading statements and failed to disclose that: (1) the Company was improperly recognizing revenue; (2) the Company’s disclosure controls and procedures were not effective; (3) the Company’s internal control over financial reporting were not effective; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.
If you purchased shares of Electronics for Imaging during the Class Period you may move the Court no later than October 10, 2017 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you 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 firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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