Press release
Deadline on April 17, 2023 coming up in Lawsuit for Investors in Kornit Digital Ltd. (NASDAQ: KRNT) Investor Alert: Deadline in Lawsuit on April 17, 2023
The Shareholders Foundation announced that a deadline is coming up on April 17, 2023, in the lawsuit filed for certain investors of Kornit Digital Ltd. (NASDAQ: KRNT).
Investors who purchased shares of Kornit Digital Ltd. (NASDAQ: KRNT) have certain options and there are strict and short deadlines running. Deadline: April 17, 2023. NASDAQ: KRNT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges on behalf of purchasers of Kornit Digital Ltd. (NASDAQ: KRNT) common shares between February 17, 2021 and July 5, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 17, 2021 and July 5, 2022, the Defendants repeatedly touted the competitive advantages provided by Kornit's technology and assured investors that the Company faced virtually no meaningful competition in the "direct-to-garment" printing market, that the Defendants also assured investors that there was strong demand for Kornit's digital printing systems and consumable products, such as textile inks, as well as for the services the Company provides customers to maintain and manage its digital printers, and to manage customer workflow,t hat the Defendants further assured investors that the strong demand for the Company's products and services would enable Kornit Digital Ltd. to maintain its existing customer base and attract new customers that would limit the risks associated with a substantial portion of its revenues being concentrated among a small number of large customers, that the Defendants knew, or at a minimum, recklessly disregarded, that the Company's digital printing business was plagued by severe quality control problems and customer service deficiencies, that those problems and deficiencies caused Kornit Digital Ltd. to cede market share to competitors, which, in turn, led to a decrease in the Company's revenue as customers went elsewhere for their digital printing needs, and that as a result of Defendants' misrepresentations, Kornit ordinary shares traded at artificially inflated prices between February 17, 2021 and July 5, 2022.
Those who purchased shares of Kornit Digital Ltd. (NASDAQ: KRNT) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Investors who purchased shares of Kornit Digital Ltd. (NASDAQ: KRNT) have certain options and there are strict and short deadlines running. Deadline: April 17, 2023. NASDAQ: KRNT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges on behalf of purchasers of Kornit Digital Ltd. (NASDAQ: KRNT) common shares between February 17, 2021 and July 5, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 17, 2021 and July 5, 2022, the Defendants repeatedly touted the competitive advantages provided by Kornit's technology and assured investors that the Company faced virtually no meaningful competition in the "direct-to-garment" printing market, that the Defendants also assured investors that there was strong demand for Kornit's digital printing systems and consumable products, such as textile inks, as well as for the services the Company provides customers to maintain and manage its digital printers, and to manage customer workflow,t hat the Defendants further assured investors that the strong demand for the Company's products and services would enable Kornit Digital Ltd. to maintain its existing customer base and attract new customers that would limit the risks associated with a substantial portion of its revenues being concentrated among a small number of large customers, that the Defendants knew, or at a minimum, recklessly disregarded, that the Company's digital printing business was plagued by severe quality control problems and customer service deficiencies, that those problems and deficiencies caused Kornit Digital Ltd. to cede market share to competitors, which, in turn, led to a decrease in the Company's revenue as customers went elsewhere for their digital printing needs, and that as a result of Defendants' misrepresentations, Kornit ordinary shares traded at artificially inflated prices between February 17, 2021 and July 5, 2022.
Those who purchased shares of Kornit Digital Ltd. (NASDAQ: KRNT) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
