A new lawsuit has been launched against 3D Systems.
The company has recently suffered notable valuation losses. It has been unable to post a quarterly profit for a very long time, and that is in spite of management’s plans and actions to reorganize.
It seems that at least one investor is unhappy with the results. A June 13th class action case entitled “Herbermann v. 3D Systems Corporation et al”, plaintiff Marcel F.M. Herbermann is suing 3D Systems.
The case alleges federal securities fraud whereby the company downplayed weakening demand for 3D Systems products and services, as well as failing to disclose the impact of updated testing criteria in its healthcare program. The plaintiff alleges that they lost investment due to what they describe as misleading information.
The class action suit is being handled by Pomerantz LLP, and covers investors who owned shares between August 13, 2024, and May 12, 2025. They are inviting affected investors to contact them at their website.
This is definitely not good news for 3D Systems, which has seen their stock price plummet over the past week. It may be that investors fear a large settlement of this case might put a dent into their bottom line.
Could that really happen? According to a report on Bloomberg, the same situation occurred in 2018, where 3D Systems paid affected investors a total of US$50M in compensation in a very similar situation.
The case has just begun, so there’s a long way to go on this yet.
Via Pomerantz, Globe Newswire, and Justia (Hat tip to Benjamin)
