Zebra Technologies Corporation
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Zebra Technologies Corporation |
Stock Symbol : | NASDAQ: ZBRA |
Class Period Start: | 03/17/2015 |
Class Period End: | 05/09/2016 |
Lead Plaintiff motion: | 09/25/2017 |
Date Filed: | 07/26/2017 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Eastern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the September 25, 2017 lead plaintiff deadline in a class action lawsuit filed against Zebra Technologies Corporation (NASDAQ: ZBRA) (“Zebra” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of New York and investors, who purchased Zebra Technologies Corporation securities between March 17, 2015 and May 9, 2016, have until September 25, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Zebra Technologies Corporationsecurities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that adverse information regarding Zebra’s business, prospects and financial results. Specifically, defendants failed to disclose that Zebra had understated its income taxes through the end of 2015, underaccrued certain 2015 estimates, in particular with respect to its sales commission plan, and overstated the net realizable value of trade receivables acquired in connection with the Company’s acquisition of Motorola’s Enterprise division. Zebra also failed to disclose the impact of material weaknesses identified in its internal controls and procedures over financial reporting and disclosure, which caused the misstatements and rendered the Company’s financial guidance for 2015 and the first and second quarters of 2016 materially false and misleading. On May 10, 2016, Zebra revealed disappointing financial results for its first quarter of 2016 due to lower sales and earnings and weaknesses in internal controls that had impaired the Company’s ability to forecast its pretax income and deferred taxes. Following this news, NASDAQ: ZBRA dropped more than $11 per share, from a close of $62.58 per share on May 9, 2016 to close at $51.46 per share on May 10, 2016, a one-day decline of approximately 18 percent. If you were negatively impacted by your investment in Zebra Technologies Corporation securities between March 17, 2015 and May 9, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |