Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Dec. 10, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises DMC Global Inc. ("DMC Global" or the "Company") (NASDAQ: BOOM) investors of a class action representing investors that bought securities between May 3, 2024 and November 4, 2024, inclusive (the "Class Period"). DMC Global investors have until February 4, 2025 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The Complaint alleges that the Company made deceptive and misleading statements to the market. DMC Global inflated the goodwill related to Arcadia Products due to negative events affecting that business segment. The Company failed to implement and maintain proper internal systems and processes necessary for efficient operations. As a result of these deficiencies, the Company’s public guidance and disclosures were both inaccurate and incomplete. Given these facts, the Company’s statements to the public were false and materially misleading throughout the class period. When the truth about DMC Global was revealed, investors incurred financial losses.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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