Luongo v. Desktop Metal, Inc. et al
Case Number:
1:21-cv-12099
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Andrews DeValerio
- Berman Tabacco
- Block & Leviton
- Hagens Berman
- Hutchings Barsamian
- Latham & Watkins
- Matorin Law Office
- Pomerantz LLP
Companies
Sectors & Industries:
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September 21, 2023
Mass. Judge Tosses Desktop Metal Securities Suit For Good
A Massachusetts federal judge has permanently tossed a proposed securities suit claiming 3D printing company Desktop Metal Inc. and its executives misled investors about a flagship product that was ultimately recalled, finding that the suit failed to plead any actionable misleading statements or that the executives knowingly deceived the investors.
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April 17, 2023
Investors Slam Desktop Metal's Exit Bid In Merger Recall Suit
A proposed class of Desktop Metal Inc. investors told a Massachusetts federal court that their lawsuit should move forward because they were deceived when the 3D printing company acquired dental business EnvisionTEC under fraudulent pretenses with a flagship product that was ultimately recalled.