Electronics For Imaging, Inc. is an international company based in Silicon Valley that specializes in digital printing technology.

According to the law firm press release, the lawsuit alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company was improperly recognizing revenue; (2) the Company’s disclosure controls and procedures were not effective; (3) the Company’s internal control over financial reporting were not effective; and (4) as a result, the Company’s 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.

On December 6, 2017, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on February 20, 2018 Defendants filed a Motion to Dismiss the amended Complaint on April 23. On January 31, 2019, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint. On March 4, Plaintiffs filed notice of intent not to file a second amended Complaint. The Court closed the case on March 13. Plaintiffs filed a notice appealing the Court's dismissal Order on April 12. The appeal was voluntarily dismissed on September 24.