DMC (US:BOOM) Prnewswireยท2024-12-19 10:45Core Viewpoint - DMC Global Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its operations and financial results during the specified class period [2][3]. Group 1: Allegations - The lawsuit claims that DMC Global overstated the goodwill associated with Acadia products due to adverse events affecting that segment [2]. - It is alleged that the company had materially inadequate internal systems and processes that negatively impacted its operations [2]. - The complaint states that DMC Global's inadequate systems prevented it from providing reasonably accurate guidance and timely, accurate, and complete public disclosures [2]. - As a result of these issues, the defendants misrepresented the company's operations and financial results, leading to materially false and misleading public statements [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as May 3, 2024, to November 4, 2024 [2]. - Shareholders are encouraged to register for the class action by February 4, 2025, to potentially be appointed as lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [3]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].