{"id":321,"date":"2024-10-29T06:01:13","date_gmt":"2024-10-29T06:01:13","guid":{"rendered":"https:\/\/3dprintingservices.com\/blog\/investors-attempt-to-revive-securities-suit-against-3d-printer-company-falls-flat\/"},"modified":"2024-10-29T06:01:13","modified_gmt":"2024-10-29T06:01:13","slug":"investors-attempt-to-revive-securities-suit-against-3d-printer-company-falls-flat","status":"publish","type":"post","link":"https:\/\/3dprintingservices.com\/blog\/investors-attempt-to-revive-securities-suit-against-3d-printer-company-falls-flat\/","title":{"rendered":"Investor&#8217;s Attempt to Revive Securities Suit Against 3D Printer Company Falls Flat"},"content":{"rendered":"<p><p> A federal appeals panel ruled against an investor seeking to reinstate her securities fraud allegations against Desk Metal Inc. on Monday.<\/p>\n<p>Sophia Zhou is ineligible to pursue a scheme liability claim and did not demonstrate that any statements made by Desktop Metals were materially false or misleading, as stated by the US Court of Appeals for the First Circuit in an <a href=\"https:\/\/www.bloomberglaw.com\/public\/document\/ZhouvDesktopMetalIncetalDocketNo23018431stCirOct192023CourtDocket?doc_id=X4B0E5JS8858A1R6VBO8A1BJS93\" rel=\"nofollow noopener\" target=\"_blank\">opinion<\/a>. A unanimous decision from a three-judge panel upheld the dismissal from September 2023 of the class action lawsuit Zhou and fellow investors had filed against the 3D printer company, claiming securities fraud.<\/p>\n<p>\u201cWe conclude that Zhou did not preserve a scheme liability claim &#8230;<\/p>\n<p> AI-driven legal analytics, workflow solutions, and top-tier legal and business news. <\/p>\n<\/p>\n<p><p> Please log in to continue reading or to access research tools. <\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A federal appeals panel ruled against an investor seeking to reinstate her securities fraud allegations against Desk Metal Inc. on Monday. Sophia Zhou is ineligible to pursue a scheme liability claim and did not demonstrate that any statements made by Desktop Metals were materially false or misleading, as stated by the US Court of Appeals [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":322,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Investor&#039;s Attempt to Revive Securities Suit Against 3D Printer Company Falls Flat - 3D Printing Services Blog and Updates | 3D Print Prototypes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/3dprintingservices.com\/blog\/investors-attempt-to-revive-securities-suit-against-3d-printer-company-falls-flat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investor&#039;s Attempt to Revive Securities Suit Against 3D Printer Company Falls Flat - 3D Printing Services Blog and Updates | 3D Print Prototypes\" \/>\n<meta property=\"og:description\" content=\"A federal appeals panel ruled against an investor seeking to reinstate her securities fraud allegations against Desk Metal Inc. on Monday. 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