The
Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
Kornit Digital Ltd. (“Kornit” or “the Company”) (NASDAQ: KRNT)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
The investigation focuses on whether the Company issued false and/or
misleading statements and/or failed to disclose information pertinent to
investors. Spruce Point Capital Management published a report on May 7,
2019, focusing on Kornit. The report, titled, “Teed Up And Printing
Rebates,” alleges that the Company was “not adequately disclosing” the
terms on Amazon price rebates. The report adds that there is “a
discrepancy between reported Amazon revenues in Kornit’s filings,” and
that the Company engaged in “aggressive tactics” regarding accounting
for its business with Amazon, “which the SEC questioned, and made
[Kornit] restate results.” Based on this news, shares of Kornit fell
more than 9% on the same day.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm's website at www.schallfirm.com,
or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
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