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Home>Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Electronics for Imaging, Inc. (EFII) and Encourages Investors to Contact the Firm Before October 10th

Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Electronics for Imaging, Inc. (EFII) and Encourages Investors to Contact the Firm Before October 10th

Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Electronics for Imaging, Inc. (EFII) and Encourages Investors to Contact the Firm Before October 10th

09/26/2017

Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Electronics for Imaging, Inc. (EFII) and Encourages Investors to Contact the Firm Before October 10th

Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all persons or entities who purchased or otherwise acquired Electronics for Imaging, Inc. (NASDAQ:EFII) securities between February 22, 2017 and August 3, 2017 (the “Class Period”). Investors have until October 10, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company was improperly recognizing revenue, (2) the Company’s disclosure controls and procedures were not effective, and (3) the Company’s internal control over financial reporting were not effective. As a result, the Company’s public statements were materially false and misleading throughout the Class Period.

On August 3, 2017, EFII announced it was “postponing the conference call at which it anticipated discussing second quarter 2017 preliminary results in order to enable the Company to complete an assessment of the timing of recognition of revenue.” They further announced that the Company “may be unable to file its Form 10-Q for the second quarter of 2017 on a timely basis.”

Following this news, EFII shares fell $21.61, or 45.34%, to close at $26.05 per share on August 4, 2017.

If you purchased or otherwise acquired EFII securities during the Class Period and suffered a loss or continue to hold shares purchased prior to the Class Period, have information, 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 Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the Electronics for Imaging lawsuit, please go to https://bespc.com/electronicsforimaging/. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.

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