EFII Investor Deadline Reminder: Hagens Berman Rem
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SAN FRANCISCO, Sept. 26, 2017 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP reminds investors in Electronics For Imaging, Inc. (NASDAQ: EFII ) of the October 10, 2017 Lead Plaintiff deadline in the pending securities class action.
If you purchased or otherwise acquired securities of EFII between February 22, 2017 and August 3, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/EFII
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
On August 3, 2017, EFII announced in a press release filed with the U.S. Securities and Exchange Commission that it delayed its second quarter 2017 earnings conference call because it was still assessing certain revenue recognition issues involving product stored at a third party in-transit warehouse before delivery to the end user.
This news drove the price of EFII shares down $21.61, or approximately 45%, to close at $26.05 on August 4, 2017.
On September 11, 2017, EFII filed its amended annual report for the year ended December 31, 2016 with the SEC announcing management determined the Company lacked sufficient internal controls over financial reporting and its auditor expressed an adverse opinion about the sufficiency of those controls. The Company maintained no financial restatements were necessary.
“We’re focused on when EFII management first became aware of the Company’s control weaknesses and damages investors suffered when management admitted to the material weaknesses,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding EFII should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email EFII@hbsslaw.com .
About Hagens Berman Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 11 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com . For the latest news visit our newsroom or follow us on Twitter at @classactionlaw .
Contact: Reed Kathrein, 510-725-3000
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