3D Systems Faces Lawsuit Over Alleged Financial Misrepresentation Impacting Investor Trust
- 3D Systems faces a class action lawsuit for allegedly misrepresenting its financial health and operational resilience.
- The lawsuit claims misleading public disclosures harmed investors after revealing the company's true financial situation.
- Concerns include 3D Systems' partnership changes with United Therapeutics affecting revenue from its Regenerative Medicine Program.
3D Systems Faces Class Action Lawsuit Over Alleged Misrepresentation of Financial Health
In a recent development, 3D Systems Corporation finds itself entangled in a class action lawsuit filed by the Rosen Law Firm, which represents investors who purchased company securities between August 13, 2024, and May 12, 2025. The lawsuit alleges that the company misrepresented its financial condition, particularly by downplaying the impact of decreased customer spending and overstating its operational resilience. This legal action follows a prior class action initiated against the company, which raises significant concerns about the integrity of 3D Systems’ public statements regarding its financial health and business operations.
The allegations extend to the company's partnership with United Therapeutics Corporation, specifically highlighting changes to the milestone criteria that could negatively impact revenue from its Regenerative Medicine Program. As the lawsuit unfolds, it asserts that 3D Systems' public disclosures were materially misleading, resulting in significant damages to investors once the true financial situation became apparent. Potential lead plaintiffs have until August 12, 2025, to file their motions, and the firm handling the case emphasizes the importance of qualified legal counsel, given its track record in securities class actions.
The Rosen Law Firm has a notable history of successful settlements in securities class actions, including the largest settlement involving a Chinese company at the time and a strong performance in the field since 2013. With a proven recovery record, including over $438 million for investors in 2019, the firm positions itself as a formidable advocate for those impacted by alleged corporate misrepresentation. Investors wishing to join the class action can find further information on the law firm's website.
In light of these developments, the implications for 3D Systems extend beyond the immediate legal ramifications, potentially affecting its reputation and future partnerships. As the additive manufacturing industry grows, maintaining transparent communications with stakeholders becomes increasingly critical for companies like 3D Systems.