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On February 7, 2017, Citron Research reported that Motorola's handset sales contributed "a whopping 76.7% of Motorola's bottom line", that the Company's handsets were significantly overpriced, and that Motorola's "borderline anti-competitive" sales tactics were unlikely to prove sustainable in competitive bidding for government contracts.
On this news, Motorola's share price has fallen as much as $4.81, or 5.89%, to a low of $76.92 during intraday trading on February 7, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-motorola-solutions-inc--msi-300403782.html
SOURCE Pomerantz LLP