Johnson & Weaver, Announces Investigations of El Pollo Loco Holdings, Inc., TransDigm Group Incorporated and Zebra Technologies Corporation; Investors Encouraged to Contact Firm
SAN DIEGO, Aug. 16, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential claims against El Pollo Loco Holdings, Inc., TransDigm Group Incorporated, and Zebra Technologies Corporation as detailed below:
El Pollo Loco Holdings, Inc.
Shareholder Rights Law Firm Johnson & Weaver, LLP today announced that it is investigating whether certain officers or directors of El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) ("El Pollo ") violated federal or state laws.
A Securities Class Action Complaint was filed on behalf of those who purchased securities of El Pollo between May 15, 2015 and August 13, 2015. The complaint alleges the company concealed the negative impact that certain menu changes and increases in labor costs in California were having on sales growth in a series of false and misleading statements regarding El Pollo sales and its ability to meet projections. As a result of these alleged false and misleading statements and/or omissions, El Pollo securities allegedly traded at artificially inflated prices during the class period, with the company's stock price reaching a high of $25.37 per share; allowing the company's controlling shareholders, CEO and others to sell tens of millions of dollars' worth of their personally held El Pollo shares at artificially inflated prices. Earlier this month, the federal judge presiding over the class action found "that Plaintiffs have sufficiently plead facts demonstrating the existence of false and misleading statements" and denied the defendants' request that case be dismissed. The judge's finding is a significant development.
If you are a long-term shareholder of El Pollo shares and continuously held shares before May 15, 2015, you may have standing to hold El Pollo harmless from the damage the officers and directors may have caused by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.
If you are a long-term El Pollo shareholder and are interested in learning more about your legal rights and remedies, please contact Jim Baker ([email protected]) at 619-814-4471. If you email, please include your phone number.
TransDigm Group Incorporated
Johnson & Weaver, LLP reminds investors that a class action case was filed against TransDigm Group Incorporated (NYSE: TDG) ("TransDigm") for purchasers of the stock between May 10, 2016 and January 19, 2017, inclusive (the "Class Period").
The complaint filed in this class action alleges that TransDigm made false and/or misleading statements and/or failed to disclose that: (1) TransDigm's growth and profitability were artificially inflated as a result of its illicit business practices; (2) the Company used exclusive distributors to make noncompetitive government bids seems competitive; (3) TransDigm subsidiaries failed to list TransDigm as a parent entity when submitting government bids; and (4) as a result of the foregoing, Defendants' statements about TransDigm's business, operations, and prospects were false and misleading and/or lacked a reasonable basis. As a result of this fraudulent scheme, Defendants were able to artificially inflate the Company's financials throughout the Class Period.
If you purchased shares during the Class Period and suffered a loss in TransDigm, you have until October 10, 2017, to request that the Court appoint you as lead plaintiff.
If you are a long-term shareholder of TransDigm shares and continuously held shares before May 10, 2016, you may have standing to hold TransDigm harmless from the damage the officers and directors may have caused by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.
If you are a long-term TransDigm shareholder and are interested in learning more about your legal rights and remedies, please contact Jim Baker ([email protected]) at 619-814-4471. If you email, please include your phone number.
Zebra Technologies Corporation
Johnson & Weaver, LLP reminds investors that a class action case was filed against Zebra Technologies Corporation (NASDAQ: ZBRA) ("Zebra") for purchasers of the stock betweenMarch 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 ([email protected]) 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.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
[email protected]
SOURCE Johnson & Weaver, LLP
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