NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Electronics for Imaging, Inc. (“Electronics for Imaging” or the “Company”) (NASDAQ:EFII).
The investigation focuses on whether the Company and/or its executives violated federal securities laws. On August 3, 2017, Electronics for Imaging stated that it “may be unable to file its Form 10-Q for the second quarter of 2017 on a timely basis.” Specifically, Electronics for Imaging disclosed that it was conducting an “an assessment of the timing of recognition of revenue.” Electronics for Imaging also disclosed that it expects to report a “material weakness in internal control over financial reporting related to this matter,” and also expects to report that its “disclosure controls were not effective in prior periods.”
On this news, shares of Electronics for Imaging fell sharply during intraday trading on August 4, 2017.
If you invested in Electronics for Imaging stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/EFII. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.