| Company: | Stratasys Ltd. |
| Ticker Symbol: | Nasdaq:SSYS |
| Class Period: | May-9-14 to Feb-2-15 |
| Date Filed: | Feb-17-15 |
| Lead Plaintiff Deadline: | Apr-18-15 |
| Court: | District of Minnesota |
| Allegations: | |
The complaint alleges that defendants issued false and misleading statements and/or failed to disclose adverse facts about the Company's business and future prospects. In particular, it is alleged that the Company repeatedly issued positive statements regarding the Company's recently acquired subsidiary MakerBot and its products. As a result of these statements Stratasys stock traded at artificially inflated prices, allowing the Company to complete two stock offerings netting selling shareholders more than $230 million.
On February 2, 2015, Stratasys announced that its fourth quarter fiscal 2014 revenue would miss analysts' expectations, largely due to problems with MakerBot. The Company further revealed that it was taking a $100 million to $110 million impairment charge to the goodwill value of the MakerBot subsidiary.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
