NASDAQ GS
SSYS

Stratasys Ltd.

Shareholder Securities Fraud Litigation

Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Stratasys Ltd. (NASDAQ GS: SSYS)

Rigrodsky & Long, P.A., including former Special Assistant United States Attorney, Timothy J. MacFall, announces that a complaint has been filed in the United States District Court for the District of Minnesota on behalf of all persons or entities that purchased the common stock of Stratasys Ltd. (“Stratasys” or the “Company”) (NASDAQ GS: SSYS) between May 9, 2014 and February 2, 2015 (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you purchased shares of Stratasys during the Class Period, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com.

Stratasys manufactures three-dimensional printers and describes itself as a leading global provider of additive manufacturing solutions.  The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects.  Specifically, the Complaint alleges that the defendants concealed from the investing public that: (1) the reported revenue contributions by the Company’s MakerBot branded products and services during the Class Period were largely driven by new distribution channel and product introductions; (2) absent initial sales to stock customers and new distribution channels with newly introduced products, the Company was experiencing little, if any, incremental demand for its existing MakerBot branded products and services during the Class Period; (3) known, but undisclosed, product defects associated with newly introduced MakerBot branded products were inhibiting the demand for and Company’s ability to ramp the distribution of such products; (4) based upon (1) – (3) above, applicable accounting principles required that Stratasys test whether goodwill associated with its MakerBot acquisition was impaired; (5) the technical problems in the Company’s MakerBot product line would negatively impact the Company’s 2014 and 2015 financial performance and outlook; and (6) as a result of the foregoing, Defendants’ statements regarding the Company’s financial performance and expected earnings was false and misleading and lacked a reasonable basis when made.  As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.

According to the Complaint, on February 2, 2015, after the market closed, the Company issued a press release providing an update on its anticipated financial results for 2014, and providing an outlook for 2015.  Among other things, the press release revealed that the Company was taking a significant impairment charge, that earnings per share would fall significantly short of the guidance repeatedly discussed by Defendants during the Class Period, and that MakerBot sales had significantly slowed.

On this news, shares in Stratasys plummeted over 28%, closing at $57.36 per share on February 3, 2015, on extraordinarily high trading volume.

If you wish to serve as lead plaintiff, you must move the Court no later than April 6, 2015.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.