logo
DDD Investors with Losses in Excess of $100K Have Opportunity to Lead 3D Systems Corporation Securities Fraud Lawsuit

DDD Investors with Losses in Excess of $100K Have Opportunity to Lead 3D Systems Corporation Securities Fraud Lawsuit

Malaysian Reserve13 hours ago
NEW YORK, Aug. 9, 2025 /PRNewswire/ —
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of 3D Systems Corporation (NYSE: DDD) between August 13, 2024 and May 12, 2025, both dates inclusive (the 'Class Period'), of the important August 12, 2025 lead plaintiff deadline.
So what: If you purchased 3D Systems securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the 3D Systems Corporation class action, go to https://rosenlegal.com/submit-form/?case_id=1300 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 12, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) 3D Systems had understated the impact of weakened customer spending on 3D Systems' business, while overstating its resilience in challenging industry conditions; (2) in addition, the updated milestone criteria in the United Partnership (a partnership with United Therapeutics Corporation) would negatively impact 3D Systems' Regenerative Medicine Program revenue; and (3) as a result, 3D Systems' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the 3D Systems class action, go to https://rosenlegal.com/submit-form/?case_id=1300 call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.Phillip Kim, Esq.The Rosen Law Firm, P.A.275 Madison Avenue, 40th FloorNew York, NY 10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212) 202-3827case@rosenlegal.comwww.rosenlegal.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Intel CEO dogged by decades of China chip bets, board work
Intel CEO dogged by decades of China chip bets, board work

Malaysian Reserve

time41 minutes ago

  • Malaysian Reserve

Intel CEO dogged by decades of China chip bets, board work

FOR more than three decades, Lip-Bu Tan invested in the Chinese economic boom, placing the kind of no-brainer bets that enriched venture capitalists and fund managers around the world and across the US. He set up a venture firm called Walden International based in San Francisco that pumped more than $5 billion into over 600 companies. More than 100 of those investments were made in China, including deals with once-obscure startups such as Semiconductor Manufacturing International Corp. — today China's largest chipmaker — where he served on the board for a decade and a half. In recent years, as US-China tensions escalated, Washington increasingly restricted Beijing's access to advanced technology and placed tighter limits on the ability of US companies to do business there. And Tan's efforts to distance himself from Chinese investments accelerated with his appointment at Intel Corp. in March, when he agreed to divest his holdings there, according to a person familiar with the arrangement. That hasn't stopped US lawmakers — and, now, Donald Trump — from holding Tan's past Chinese affiliations against him. The US president called the executive 'highly conflicted' in a social media post and urged him to resign. Intel has said Tan and the board are 'deeply committed to advancing US national and economic security interests.' Late on Thursday, Tan said he's got the full backing of the company's board, responding for the first time to Trump. 'We are engaging with the Administration to address the matters that have been raised and ensure they have the facts,' he said in a letter to staff posted on Intel's website. Here's what we know about Tan's business dealings in China. He started work at a venture capital firm in the 1980s called Walden Ventures, where he helped create a spinoff named Walden International that focused on overseas opportunities. Tan, a Mandarin speaker born in Malaysia, helped the company make investments all over East Asia, including China. He pushed some of Walden's funds into the then-unfashionable area of chip investing. Most venture capitalists had moved away from the industry, figuring that it was impossible to challenge giants such as Intel with startup money. But Tan played those odds. Today, the executive is still chairman of Walden International. And he's the founding managing partner at Walden Catalyst Ventures, which focuses on investments in the US, Europe and Israel. He also serves in that role at another venture fund, Celesta Global Capital. Tan and Walden have faced scrutiny for China-related investments before. In 2023, the House Select Committee on the Chinese Communist Party sent Walden a letter expressing concerns and seeking more information on the types of companies and amount of investments made there. Headquartered in Shanghai, SMIC was founded in 2000 as an early attempt to bring advanced chip-making to China. Walden International was one of the big investors when the startup raised $630 million from a group of venture firms in 2003. Tan was a director on SMIC's board until 2018. The Chinese company, whose customers at one time included Qualcomm Inc., is attempting to break into the outsourced chip production business dominated by Taiwan Semiconductor Manufacturing Co. In 2020, that effort took a serious blow when the US Commerce Department put SMIC on the so-called entity list, citing ties with the Chinese military. That means businesses need licenses to supply the Chinese company with technology. The move effectively cut it off from crucial US vendors. Today, it's a key partner to major Chinese sector players including Huawei Technologies Co. Tan stepped out of the venture world and joined the chip industry full-time when he became interim head of San Jose, California-based Cadence Design Systems Inc. in 2008. The executive, who had previously served on the board, went on to take the permanent CEO job the next year. He stayed in the role until 2021, when he transitioned to executive chairman, and is widely credited with restoring the company's fortunes. In late July of this year, the Department of Justice announced a plea deal that cost Cadence more than $100 million in fines. Employees at Cadence's China unit allegedly hid the name of a customer — the National University of Defense Technology — from internal compliance in order to keep supplying it. That organization had been put on the Department of Commerce's blacklist in 2015. The Chinese university was one of a group of supercomputer operators there that had conducted simulations of nuclear explosions, the DOJ said. Cadence got a 20% reduction of the statutory maximum fine because of its partial cooperation with the investigation, according to the DOJ's statement, which didn't mention Tan. Still, his connection to the company was cited this week by US Senator Tom Cotton, who wrote to Intel Chairman Frank Yeary questioning whether what happened at Cadence under Tan's tenure makes him fit for his current job. Tan spent time on the boards of other Chinese companies, such as Advanced Micro-Fabrication Equipment Inc. But he doesn't, according to Bloomberg data, currently serve on a board of any company based in that country. Though Walden International has invested in more than 100 Chinese companies over the years, that involvement has been scaled back, according to PitchBook. Walden International, Walden Catalyst Ventures and Celesta now just have stakes in a handful of companies based in China, including Hong Kong, the site shows. –BLOOMBERG

New info on MBI emerges
New info on MBI emerges

The Star

time6 hours ago

  • The Star

New info on MBI emerges

Cops to quiz several Penang-based companies again GEORGE TOWN: Just when many thought the ghost of Mobility Beyond Imagi­na­tion (MBI) had been laid to rest, news about the ponzi scheme has resurfaced. Sources said the Bukit Aman Anti-Money Laundering division is ready to pay another round of visits to several Penang-based companies previously associated with MBI. It is understood that police have obtained fresh intelligence from their Chinese counterparts and several suspects arrested via Ops Northern Star in April and May. 'The mastermind, Tedy Teow, had formed a business pyramid comprising proxies to handle his investments worth billions, including lands, properties and luxury items,' the source claimed. 'With him (Teow) as the captain of the ship, family members and close friends were positioned at the top of the MBI chart. 'The main task of his lieutenants was to ensure all the major property projects in Malaysia and Thailand run smoothly without any hitches.' MBI founder Teow, who is now in custody in China, launched his MBI empire back in 2009. 'His modus operandi was to introduce the Hawala system to investors to transfer money internationally,' the source added. Hawala is an informal method of transferring money without any physical money actually moving. Once the money had been bankrolled into several MBI accounts, it is understood that lawyers would do the screening and documentation before giving the nod for partial payments to keep investors happy. To lure more rich investors, free holidays were offered to destinations like Italy and Dubai. All it took for investors was to top up their investments by up to RM100,000. Teow had crafted the MBI's image as a legitimate conglomerate with interests in property, including high-end residential and retail spaces across Malaysia and in Danok, Thailand. 'They were very professional with many teams of agents to manage investors' accounts. 'They operated from rented offices, owned restaurant chains and travelled in multiple luxury cars,' another source claimed. One mega project now under scrutiny is the proposed development on reclaimed land near Pulau Jerejak located off the coast of Penang island. Chief Minister Chow Kon Yeow recently said the Penang Develop­ment Corporation (PDC) surrendered documents, which included minutes of meetings and financial records related to the Penang World City (PWC) project, to the Bukit Aman special task force on July 18. 'The documents concerned payments made to PDC for the purchase of land by Mutiara Metropolis Sdn Bhd (MMSB), formerly known as Tropicana Ivory Sdn Bhd. 'The focus of the investigation, as conveyed to PDC, is to examine whether any of the funds paid to PDC by MMSB between 2011 and 2019 may have been linked to the MBI scam,' Chow told a press conference in Komtar last month. Teow's elder brother, Wooi Pin, and his brother-in-law, Tan Kim Hee, were believed to be among the partners in the mega development project first launched in 2011. It was reported that police had detained Tan on April 2 to assist with the MBI probe. He was released five days later, but his company's bank accounts totalling some RM10mil were frozen. In addition, police seized two luxury vehicles – a Mercedes-Benz GLE 450 Coupe and a BMW 330Li. So far, police have detained 17 suspects, including several high-profile real estate magnates from Penang. Besides Malaysians, some two million Chinese nationals, mostly from the Chongqing province, had reportedly lost over 55bil yuan (RM32.4bil) in the MBI scheme. In their desperate bid to recover their investments, some of the investors even flew to Malaysia to search for Teow in 2019. Through Interpol, the Chinese police then issued a red notice on Nov 9, 2020, to seek the arrest of Teow. With the authorities hot on his heels, he then fled to Thailand but was later arrested in July 2022. In August 2024, Teow became the first wanted person to be extradited from Thailand to China in 25 years, according to Chinese media reports. Teow, who also went by the name Zhang Yufa, was extradited under operation 'Fox Hunt', a codename for the sweeping campaign by China's police to bring back financial criminals. Now in custody in China, Teow faces life imprisonment if convicted of fraud under the Anti-Money Laundering Law.

Feature: Chinese auto innovation powers Egypt's assembly lines
Feature: Chinese auto innovation powers Egypt's assembly lines

The Star

time9 hours ago

  • The Star

Feature: Chinese auto innovation powers Egypt's assembly lines

CAIRO, Aug. 9 (Xinhua) -- On the bustling production floor of Jetour Auto's welding factory in Egypt's Giza governorate, supervisor Yasser Ahmed Mansour was watching automated machinery blend seamlessly with skilled workers. To Mansour, this sight is a testament to China's rapid transformation of cutting-edge technology into accessible vehicles that are reshaping Egypt's automotive landscape. "A growing number of Egyptian consumers are choosing Chinese cars over their German, Japanese, and other counterparts," he told Xinhua, crediting their appeal to a trifecta of strengths: advanced tech, near-premium features, and competitive pricing. The welding factory, part of a 123-million-U.S. dollar venture between China's Jetour and Egypt's major automotive dealer Kasrawy Group, is expected to assemble and produce Jetour T1 and T2 models next year, with the goal of both local market supply and export. Mostafa Hussein, vice president of Kasrawy's automotive division for Jetour vehicles, outlined the company's ambitious expansion plans: An existing 55,000-square-meter factory producing Jetour X70 Plus will soon be complemented by an 86,000-square-meter plant slated for 2025 completion. But before that, envoys from the Egyptian factory will travel to China for training, to observe the latest systems firsthand, Hussein noted. "Upon their return, further training sessions are conducted here in Egypt. The Chinese side is with us every step of the way, hand in hand," he said, adding that workforce will then surge from 200 to some 900. Hussein said he has been observing China's "enormous and rapid progress" since his first visit to the country in 1990. "The leaps in technology and the richness of the culture were on another scale. That visit profoundly enriched me -- professionally, technologically and personally," he said. Meanwhile, former Egyptian Prime Minister Essam Sharaf, who toured the factory recently, highlighted the significance of advanced Chinese technology and the eagerness of his country to localize such technology. Egypt is taking serious steps to localize the Chinese automotive industry, especially electric vehicles, due to China's advanced technology in both electric car manufacturing and electric batteries, he said. This welding factory is one of the "fruits of a long-standing partnership" between Egypt and China, one that has been further strengthened with the Belt and Road cooperation, he said. "Chinese investments in Egypt can be classified as a win-win model, as Egypt benefits from Chinese technology, job creation and more. The Chinese-Egyptian product is also exportable, making these investments mutually beneficial," he added.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store