Shareholders Foundation, Inc.

Investigation for Investor in Electronics for Imaging, Inc. (NASDAQ:EFII) over Possible Violations of Securities Laws

An investigation for investors in Electronics For Imaging, Inc. (NASDAQ:EFII) shares over potential securities laws violations by Electronics For Imaging was announced and NASDAQ:EFII stockholders should contact the Shareholders Foundation.

 

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 mail@shareholdersfoundation.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.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com