Pomerantz Attorneys Appointed Lead Counsel in Desktop Metal Securities Litigation

On September 21, 2022, U.S. District Judge Indira Talwani, of the District of Massachusetts, appointed Pomerantz’s Brenda Szydlo and Dean P. Ferrogari, as Lead Counsel on behalf of Yichun Xie, the Lead Plaintiff, and the class, in Xie v. Desktop Metal, Inc., 22-cv-10297 (D. Mass.). This securities action alleges that Desktop Metal, Inc. misled the market regarding its failure to perform adequate due diligence into the manufacturing and product compliance practices of EnvisionTEC, Inc. before it acquired EnvisionTEC. Desktop Metal is a technology manufacturing company that designs and markets 3D printing systems. On February 16, 2021, the Company acquired EnvisionTEC and certain of its affiliates, which…