Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against DMC Global Inc. (BOOM)

Core Viewpoint - A securities class action lawsuit has been filed against DMC Global Inc. for alleged misleading statements and inadequate internal systems affecting its operations and financial results [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the District of Colorado on behalf of all individuals or entities who purchased DMC Global securities between May 3, 2024, and November 4, 2024 [1]. - The lawsuit seeks to recover damages for investors under federal securities laws [1]. Group 2: Allegations - The complaint alleges that the goodwill associated with Acadia Products was overstated due to adverse events affecting that reporting segment [2]. - It claims that DMC Global's internal systems and processes were materially inadequate, adversely affecting its operations [2]. - The lawsuit states that these inadequate systems prevented the company from ensuring accurate guidance and timely, complete public disclosures [2]. - As a result, DMC Global's public statements were materially false, misleading, or lacked a reasonable basis when made [2]. Group 3: Investor Information - Investors who acquired shares of DMC Global are encouraged to contact the firm before the lead plaintiff motion deadline on February 4, 2025 [3]. - A lead plaintiff acts on behalf of other class members in directing the litigation [3].