LOS ANGELES, CA - (NewMediaWire) - November 25, 2021 - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Desktop Metal, Inc. (“Desktop Metal” or “the Company”) (NYSE: DM) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Desktop Metal announced an independent investigation based on internal whistleblower complaints on November 8, 2021. The investigation concerns the Company’s EnvisionTec subsidiary. Following this announcement, the CEO of EnvisionTec resigned on November 15, 2021, and the Company admitted compliance issues and FDA regulatory interest in EnvisionTec shipments.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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Brian Schall, Esq.