Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Desktop Metal, Inc. (DM) Class Action Lawsuit (December 2021)

Closed

23-1843 • December 21, 2021

Class Period Start

January 15, 2021

Class Period End

November 15, 2021

PSLRA Deadline

February 22, 2022

Case Allegations

10b5

Statutes of Repose

Jan 15, 2024

Country

United States

Court

Federal Court

Docket History

Oct 19, 2023

On Appeal

Sep 20, 2023

Motion to Dismiss Granted

The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.

Feb 28, 2023

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Dec 20, 2022

First Amended Complaint

A new complaint has been filed on behalf of certain investors in Desktop Metal, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Dec 19, 2022

First Amended Complaint

A new complaint has been filed on behalf of certain investors in Desktop Metal, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Jul 19, 2022

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Jan 14, 2022

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in Desktop Metal, Inc.. The allegations and class definitions are substantively the same.

Dec 21, 2021

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in Desktop Metal, Inc..

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