The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the District of Testing Area on behalf of investors who purchased Testing, Inc. (NASDAQ: TEST) securities between February 20, 2018 and February 21, 2018.
According to the TEST lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company was improperly recognizing revenue; (2) the Company’s disclosure controls and procedures were not effective; (3) the Company’s internal control over financial reporting were not effective; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. On August 3, 2017, the Company announced that it would postpone its conference call to discuss second quarter 2017 preliminary results “in order to enable the Company to complete an assessment of the timing of recognition of revenue.” Electronics for Imaging is also assessing the effectiveness of its “current and historical disclosure controls and internal control over financial reporting.”
"PSLRA-SDB Test"
If you suffered a loss in Testing, Inc. you have until February 22, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
To receive more information, please fill out the form.