San Diego, CA — (PRESS RELEASE JET) — 10/23/2017 — An investigation was announced for investors in NASDAQ:ZBRA shares concerning potential breaches of fiduciary duties by certain Zebra Technologies directors.
Investors who are current long term investors in Zebra Technologies Corp. (NASDAQ:ZBRA) shares, have certain options and should contact the Shareholders Foundation at [email protected] or call 858-779-1554.
The investigation by a law firm for investors in NASDAQ:ZBRA stocks follows a lawsuit filed against Zebra Technologies Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:ZBRA stocks, concerns whether certain Zebra Technologies directors are liable in connection with the allegations made in that lawsuit. The plaintiff alleges that between March 17, 2015 and May 9, 2016, the defendants failed to disclose that Zebra Technologies 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. The plaintiff further alleges that Zebra Technologies Corp. 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.
Those who purchased shares of Zebra Technologies Corp. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
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