LOS ANGELES, CA – (NewMediaWire) – December 24, 2021 – Law firm Schall, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Desktop Metal, Inc. (Desktop Metal or the company) ( NYSE: DM) for violations of 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and rule 10b-5 promulgated under it by the United States Securities and Exchange Commission.
Investors who purchased the Company’s securities between March 15, 2021 and November 15, 2021 inclusive (the “Recourse Period”), are invited to contact the company before February 22, 2022.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, 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[email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by legal counsel. If you choose not to take any action, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Desktop Metals’ recent acquisition, EnvisionTEC, suffered from manufacturing and product deficiencies. These persistent problems risked the commercialization of the product for which the Company had acquired EnvisionTEC. Based on these facts, the company’s public statements were false and misleading throughout the claim period. When the market learned the truth about Desktop Metal, investors suffered damage.
Join the case to recoup your losses.
Schall law firm represents investors around the world and specializes in securities class actions and shareholder rights litigation.
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and rules of professional conduct.
Schall Law Firm
Brian Schall, Esq.,
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