Desktop Metal, Inc. (DM)

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Desktop Metal, Inc. (“Desktop Metal” or the “Company”) (NYSE: DM). The investigation concerns whether Desktop Metal and certain of its officers and/or directors have violated federal securities laws and breached fiduciary duties.

 

On November 8, 2021, Desktop Metal announced an independent investigation resulting from an internal whistleblower complaint concerning the Company’s EnvisionTec subsidiary.  On this news, Desktop Metal’s stock price fell $0.39 per share, or 4.24%, to close at $8.81 per share on November 9, 2021.  Then, on November 15, 2021, the Chief Executive Officer of EnvisionTec resigned, and Desktop Metal disclosed compliance issues with shipments from EnvisionTec resulting in Food and Drug Administration regulatory activity.  On this news, Desktop Metal’s stock price fell $1.19 per share, or 14.84%, to close at $6.83 per share on November 16, 2021.

 

If you are aware of any facts relating to this investigation or purchased Desktop Metal shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.