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IRVINE, Calif., Oct. 03, 2017 -- Khang & Khang LLP (the “Firm”) announces a securities class action lawsuit against Electronics for Imaging, Inc. (“Electronics for Imaging” or the “Company”) (Nasdaq:EFII). Investors who purchased or otherwise acquired shares from February 22, 2017 through August 3, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm before the October 10, 2017 lead plaintiff motion deadline.
If you purchased Electronics for Imaging shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet, and until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member as well.
According to the Complaint, during the Class Period, Electronics for Imaging made false and/or misleading statements, and/or failed to disclose: that the Company was improperly recognizing revenue; that the Company’s disclosure controls and procedures were ineffective; that the Company’s internal controls over financial reporting were ineffective; and thus, the Company’s public statements were materially false and misleading at all relevant times. On August 3, 2017, Electronics for Imaging notified investors that it was delaying a conference call in which it anticipated discussing second quarter 2017 preliminary results. The Company announced that its audit committee is conducting an independent review of the effectiveness of disclosure controls and internal controls over financial reporting. The problems identified by the audit committee include assessing timing of revenue recognition related to certain transactions, and therefore the Company may not be able to file its quarterly report on time. When this news became public, shares of Electronics for Imaging fell in value materially, which caused investors harm according to the lawsuit.
If you want to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for nearly two decades, by telephone at (949) 419-3834, or by e-mail at [email protected].
This press release may constitute Attorney Advertising in certain jurisdictions.
Contact
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
[email protected]
