Boston, Massachusetts--(Newsfile Corp. - November 17, 2021) - Block & Leviton is investigating Desktop Metal, Inc. (NYSE: DM) for potential securities law violations. Investors who have lost money in their Desktop Metal investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/dm.
What is this all about?
After the market closed on November 8, Desktop Metal announced an independent investigation resulting from an internal whistleblower complaint concerning the company's EnvisionTec subsidiary. On November 15, the CEO of EnvisionTec resigned and the company disclosed compliance issues with shipments from EnvisionTec resulting in FDA regulatory activity.
Shares of Desktop Metal stock fell 7% in intraday trading on November 9, 2021, after the initial disclosure, and dropped over 5% in aftermarket hours trading following the subsequent disclosures on November 15, 2021.
Who is eligible?
Anyone who purchased Desktop Metal, Inc. stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103997
