MakerBot hit with class action lawsuit alleging it knowingly shipped flawed printers

By Shawn Knight
Jul 13, 2015
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  1. MakerBot, creators of the popular Replicator 3D printer, along with parent company Stratasys recently found themselves on the receiving end of a class action lawsuit (120-page PDF).

    Plaintiffs allege that MakerBot engaged in a fraudulent scheme designed to artificially increase the company’s share value by misrepresented and concealed operational and financial conditions of its business to investors.

    The suit claims MakerBot knowingly shipped its fifth generation 3D printer, the MakerBot Replicator, with a flawed extruder (the equivalent of a print head that melts and deposits filament) that’s prone to clogging up. Instead of owning up to the issue, plaintiffs allege MakerBot continued business as usual and failed to disclose to investors the true number of returns they were fielding.

    In April, MakerBot shed roughly 20 percent of its workforce and closed three retail locations as part of a reorganization effort. In hindsight, the layoffs may have been a direct result of MakerBot’s alleged poor quality control.

    Parent company Stratasys has seen a sharp decline in its share value over the past several months. From a high of $130.83 in September, the stock has steadily tumbled to its current closing price of $33.08.

    In related news, a petition seeking a product recall has garnered 221 supporters as of writing. Its creator, a mechanical engineer by the name of Marc D, cites multiple issues he has had with his fifth generation 3D printer.

    Neither MakerBot nor Stratasys has publically responded to the suit as of writing.

    Permalink to story.

  2. RustyTech

    RustyTech TS Guru Posts: 819   +385

    That's what Stratasys and MakerBot get. For anyone who followed the initial development of sell-outBot..err MakerBot, they will understand why I have no sympathy for them. They can both buuuuurn! :p
  3. RustyTech

    RustyTech TS Guru Posts: 819   +385

  4. RebelFlag

    RebelFlag TS Addict Posts: 134   +66

    That is a very cool looking machine.

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