An investigation for investors in NASDAQ:EFII shares was announced over potential violations of securities laws by Electronics For Imaging and certain of its directors and officers.
Investors who purchased shares of Electronics For Imaging, Inc. (NASDAQ:EFII), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by Electronics For Imaging regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 13, 2016, a report was published on Electronics For Imaging, Inc, alleging, among other things, that the Company has used “every accounting gimmick in the book” to tweak its earnings numbers; that “[p]ersistent material exclusions of intangible amortization expenses, stock-based compensation, restructuring/other and acquisition-related costs obfuscate Electronics For Imaging, Inc’s sustainable earnings”; that the Company’s balance sheet is “littered” with accounting irregularities; that management intentionally misclassified long-term receivables as “other assets” and excluded them from its days sales outstanding calculation; and that Electronics For Imaging, Inc’s current projections and price targets are out of line with reality due to the Company’s accounting practices. Shares of Electronics For Imaging, Inc (NASDAQ:EFII) declined on Oct. 18, 2016 to as low as $41.51 per share.
Those who purchased NASDAQ:EFII shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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