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ROSEN, A TOP RANKED LAW FIRM, Continues To Investigate Securities Claims Against Kornit Digital Ltd.; Investors with Losses in Excess of $100K are Encouraged to Contact the Firm – KRNT

/EIN News/ -- NEW YORK, Aug. 09, 2019 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Kornit Digital Ltd. (NASDAQ: KRNT) resulting from allegations that Kornit may have issued materially misleading business information to the investing public.

On May 7, 2019, Spruce Point Capital Management (“Spruce Point”) published a report regarding Kornit, entitled “Teed Up And Printing Rebates”. The Spruce Point report alleged, among other things, that Kornit was “not adequately disclosing” the terms of Amazon price rebates; that there was “a discrepancy between reported Amazon revenues in Kornit’s filings”; and Kornit had engaged in “aggressive tactic[s]” with respect to reporting the cost of warrants granted to Amazon, “which the SEC questioned, and made [Kornit] restate results.” On this news, Kornit’s stock price fell $2.63 per share, or 9.35%, to close at $25.51 per share on May 7, 2019.

Then, on August 6, 2019, after the market closed, Kornit announced its financial results for the second quarter of 2019, disclosing a significant decline in gross margin, “primarily driven by impact of warrants, product mix and new product introduction.”  On this news, Kornit’s stock price fell $2.58 per share, or over 8.6%, to close at $27.29 per share on August 7, 2019.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Kornit investors. If you purchased shares of Kornit please visit the firm’s website at http://www.rosenlegal.com/cases-register-1571.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.

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.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:
      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 34th Floor
      New York, NY  10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      cases@rosenlegal.com
      www.rosenlegal.com

Distribution channels: Consumer Goods, Law


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