LOS ANGELES, CA / ACCESSWIRE / March 2, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminded investors of a class action lawsuit against Kornit Digital Ltd. (“Kornit” or “the Company”) (NASDAQ:KRNT) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the US Securities and Exchange Commission.
Investors who purchased the Company’s securities between February 17, 2021 and July 5, 2022, inclusive (the ”Class Period”), are encouraged to contact the firm before April 17, 2023.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
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.
According to the Complaint, the Company made false and misleading statements to the market. Kornit claimed its superior technology meant that it faced almost no significant competition in the “direct-to-garment” printing industry. The Company also claimed strong demand for its printers and consumables from existing and new customers. Despite these claims, the Company knew its business was plagued by quality control failures and customer service shortfalls, leading to loss of customers and increased competition. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Kornit, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.
SOURCE: The Schall Law Firm
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