Los Angeles, California–(Newsfile Corp. – April 11, 2023) – The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Kornit Digital Ltd. (“Kornit” or “the Company”) KRNT for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased securities from the Company between February 17, 2020 and July 5, 2022 (inclusive of the ”Class Period ”),), are encouraged contact the firm prior to April 17, 2023.
Click here to register if you are a shareholder who has suffered a loss.
To discuss your rights, we encourage you to contact Brian Schall, Schall Law Firm at 2049 Century Park East Suite 2460 Los Angeles, CA 90967. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
In this instance, the class is not yet certified. You are not allowed to have an attorney until certification. You can choose to not take action and remain an absent class member.
The Complaint alleges that the Company made misleading and false statements to the market. Kornit claimed that because of its superior technology, it was almost unopposed in the direct-to-garment (DTG) printing market. The Company claimed that it had strong demand from both existing and new customers for its printers, consumables, and consumables. Despite these claims the Company knew that quality control issues and customer service deficiencies plagued its business, leading to lost customers and increased competition. The facts show that public statements made by the Company during the class period were misleading and false. Investors suffered losses when the truth was revealed about Kornit.
Participate in the case to recover losses
The Schall Law Firm represents investors all over the globe and specializes in shareholder rights litigation and securities class action lawsuits.
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Schall Law Firm
Brian Schall, Esq.
Schall Law Firm
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