Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Zebra Technologies Corporation; Investors Encouraged to Contact Firm
SAN DIEGO- PRNewswire —August 16, 2017
Johnson & Weaver, LLP reminds investors that a class action case was filed against Zebra Technologies Corporation (NASDAQ: ZBRA) (“Zebra”) for purchasers of the stock between March 17, 2015 through May 9, 2016, inclusive (the “Class Period”).
The complaint alleges that during the Class Period, defendants issued materially false and misleading statements and failed to disclose 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, under accrued certain 2015 estimates, in particular concerning 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. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you purchased shares during the Class Period and suffered a loss in Zebra, you have until September 25, 2017 to request that the Court appoint you as lead plaintiff.
Additionally, if you have held Zebra shares continuously since at least March 17, 2015, you may have standing to hold the Company harmless from the damage the officers or directors are alleged to have caused the Company. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing.
If you are interested in learning more about your legal rights and remedies or becoming a lead plaintiff in this case, please contact analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.