DALLAS, Mar 25, 2012 /PRNewswire/ -- Branham Law Group, LLP is investigating potential securities law violations by certain officers and/or directors of ZELTIQ Aesthetics, Inc., Nasdaq ZLTQ ("ZELTIQ"). Whether certain statements issued by ZELTIQ were false and misleading is the focus of the investigation. The primary focus is on certain statements issued between October 18, 2011 and March 6, 2012, regarding ZELTIQ's business, operations and financial condition.
ZELTIQ is a medical technology corporation. Specifically, ZELTIQ focuses on the development and sales of fat reducing products. On March 6, 2012 ZELTIQ announced that it lost $5.8 million, or $0.22 per share, in the fourth fiscal quarter. Moreover, ZELTIQ substantially lowered its guidance forecast. Immediately after this acknowledgment, the ZELTIQ shares declined $3.75 per share, or 33.75%, closing at $7.36 per share on March 6, 2012.
If you hold ZELTIQ shares and held them during the above period and have information about or questions concerning these issues or your rights as a shareholder, you may contact Trey Branham at 855-722-5910 or tbra[email protected].
Damaged ZELTIQ shareholders have the option of filing a class action lawsuit to recover damages incurred as a result of disclosures.
The Branham Law Group, LLP has extensive experience in securities and commercial litigation and handled claims of investor fraud, partnership oppression, shareholder derivative suits, and class actions of all types. The Branham Law Group also advises whistleblowers on appropriate courses of actions.
SOURCE Branham Law Group, LLP