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EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Kornit Digital Ltd. - KRNTRosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Kornit Digital Ltd. (NASDAQ: KRNT) resulting from allegations that Kornit may have issued materially misleading business information to the investing public. On May 7, 2019, Spruce Point Capital Management ("Spruce Point") published a report regarding Kornit, entitled "Teed Up And Printing Rebates". The Spruce Point report alleged, among other issues, that Kornit was "not adequately disclosing" the terms of Amazon price rebates; that there was "a discrepancy between reported Amazon revenues in Kornit's filings"; and Kornit had engaged in "aggressive tactic[s]" with respect to reporting the cost of warrants granted to Amazon, "which the SEC (News - Alert) questioned, and made [Kornit] restate results." On this news, Kornit's stock price fell $2.63 per share, or 9.35%, to close at $25.51 per share on May 7, 2019. Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Kornit investors. If you purchased shares of Kornit please visit the firm's website at http://www.rosenlegal.com/cases-register-1571.html to join the class action. You may also contact Phillip Kim of Roen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected]. Follow us for updates on LinkedIn (News - Alert): https://www.linkedin.com/company/the-rosen-law-firm or on Twitter (News - Alert): https://twitter.com/rosen_firm or on Facebook (News - Alert): https://www.facebook.com/rosenlawfirm. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information:
Laurence Rosen, Esq. View source version on businesswire.com: https://www.businesswire.com/news/home/20190515005629/en/ |
