NEW YORK, Aug. 14, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Electronics for Imaging, Inc. ("Electronics for Imaging" or the "Company") (NASDAQ: EFII).
On August 3, 2017, Electronics for Imaging stated that it "may be unable to file its Form 10-Q for the second quarter of 2017 on a timely basis." Specifically, Electronics for Imaging disclosed that it was conducting an "an assessment of the timing of recognition of revenue." Electronics for Imaging also disclosed that it expects to report a "material weakness in internal control over financial reporting related to this matter," and also expects to report that its "disclosure controls were not effective in prior periods."
On this news, shares of Electronics for Imaging fell sharply during intraday trading on August 4, 2017.
If you invested in Electronics for Imaging stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/EFII. There is no cost or obligation to you.
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