NEW YORK, Feb. 25, 2015 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the District of Minnesota on behalf of investors who purchased Stratasys Ltd. ("Stratasys" or the "Company") (NASDAQGS: SSYS) common stock between May 9, 2014 and February 2, 2015.
To get more information, click here: http://zlk.9nl.com/stratasysssys. There is no cost or obligation to you.
The complaint alleges that defendants issued false and misleading statements and/or failed to disclose adverse facts about the Company's business and future prospects. In particular, it is alleged that the Company repeatedly issued positive statements regarding the Company's recently acquired subsidiary MakerBot and its products. As a result of these statements Stratasys stock traded at artificially inflated prices, allowing the Company to complete two stock offerings netting selling shareholders more than $230 million.
On February 2, 2015, Stratasys announced that its fourth quarter fiscal 2014 revenue would miss analysts' expectations, largely due to problems with MakerBot. The Company further revealed that it was taking a $100 million to $110 million impairment charge to the goodwill value of the MakerBot subsidiary.
If you suffered a loss in Stratasys you have until April 6, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/stratasysssys.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP
