San Diego, CA -- (SBWIRE) -- 10/19/2016 -- An investigation for investors of Electronics For Imaging, Inc. (NASDAQ:EFII) shares was announced over potential securities laws violations by Electronics For Imaging in connection certain financial statements.
Investors who purchased shares of Electronics For Imaging, Inc. (NASDAQ:EFII), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Electronics For Imaging, Inc. (NASDAQ:EFII) concerning whether a series of statements by Electronics For Imaging regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 13, 2016, a report was published on Electronics For Imaging, Inc, alleging, among other things, that the Company has used "every accounting gimmick in the book" to tweak its earnings numbers; that "[p]ersistent material exclusions of intangible amortization expenses, stock-based compensation, restructuring/other and acquisition-related costs obfuscate Electronics For Imaging, Inc's sustainable earnings"; that the Company's balance sheet is "littered" with accounting irregularities; that management intentionally misclassified long-term receivables as "other assets" and excluded them from its days sales outstanding calculation; and that Electronics For Imaging, Inc's current projections and price targets are out of line with reality due to the Company's accounting practices. Shares of Electronics For Imaging, Inc (NASDAQ:EFII) declined on Oct. 18, 2016 to as low as $41.51 per share.
Those who purchased shares of Electronics For Imaging, Inc. have certain options and should contact the Shareholders Foundation.
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