Electronics for Imaging Inc


Case Summary
Company Name: Electronics for Imaging Inc
Stock Symbol : NASDAQ: EFII
Class Period Start: 02/22/2017
Class Period End: 08/03/2017
Lead Plaintiff motion: 10/10/2017
Date Filed: 08/10/2017
Type of Case: Securities Class Action
Court: U.S. District Court for the District of New Jersey

Thieler Law Corp advises investors with losses exceeding $100,000 of the October 10, 2017 lead plaintiff deadline in a class action lawsuit filed against Electronics For Imaging Inc (NASDAQ: EFII) (“Electronics for Imaging” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Electronics for Imaging Inc securities between February 22, 2017 and August 3, 2017, have until October 10, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Electronics for Imaging Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Electronics For Imaging was improperly recognizing revenue; Electronics For Imaging’s disclosure controls and procedures were not effective; Electronics For Imaging’s internal control over financial reporting were not effective; and as a result, Electronics For Imaging’s public statements were materially false and misleading at all relevant times.

On August 3, 2017, the Company revealed that it would postpone its conference call to discuss second quarter 2017 preliminary results "in order to enable the Company to complete an assessment of the timing of recognition of revenue." Electronics for Imaging is also assessing the effectiveness of its "current and historical disclosure controls and internal control over financial reporting."

On this news, NASDAQ: EFII fell $21.61 per share, or 45%, to close at $26.05 per share on August 4, 2017, thereby injuring investors.

If you were negatively impacted by your investment in Electronics for Imaging Inc securities between February 22, 2017 and August 3, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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