Johnson Fistel, LLP Announces That It Has Filed a Class Action Lawsuit on Behalf of DMC Global Investors Alleging Violations of the Federal Securities Laws
Johnson Fistel, LLP announces that it has filed a class-action lawsuit on behalf of all those who purchased DMC Global Inc. (NASDAQ: BOOM) securities during the period between May 3, 2024 and November 4, 2024, both dates inclusive (the “Class Period”). The action was filed in the United States District Court of Colorado, captioned Garson v. DMC Global Inc. Civil Action No.1:24-cv-03387.
HOW TO JOIN: The Private Securities Litigation Reform Act permits any investor who is a member of the Class described above to seek appointment as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Lead plaintiff motions for the DMC Global class-action lawsuit must be filed with the court no later than 60 days from the date of this notice.
If you wish to seek appointment as lead plaintiff or determine if you can submit your information or contact Jim Baker at jimb@johnsonfistel.com:
CASE ALLEGATIONS: The complaint alleges Defendants made materially false and misleading when made because they misrepresented and failed to disclose the following adverse facts about DMC Global’s business, operations, and prospects which were known to Defendants or recklessly disregarded by them: (i) the goodwill associated with Acadia Products was overstated due to the adverse events and circumstances affecting that reporting segment; (ii) DMC Global’s materially inadequate internal systems and processes were adversely affecting its operations; (iii) the Company’s inadequate systems and processes prevented it from ensuring reasonably accurate guidance and that its public disclosures were timely, accurate, and complete; (iv) as a result, Defendants misrepresented DMC Global’s operations and financial results; and/or (v) as a result, the Company’s public statements were materially false, misleading, or lacked a reasonable basis when made.
What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.