NEW YORK, Aug. 1, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Zebra Technologies Corporation ("Zebra" or the "Company") (NASDAQ: ZBRA). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Zebra and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 10, 2016, pre-market, Zebra announced the Company's financial and operating results for the first quarter of 2016, stating that "first quarter results [were] below . . . expectations, with lower sales and earnings reflecting the continuation of a cautious enterprise spending environment." That same day, in its quarterly report filed with the U.S. Securities and Exchange Commission, Zebra confirmed that the Company had found defects in its internal controls in 2015 that had impaired its ability to accurately forecast its pretax income and deferred taxes.
On this news, Zebra's share price fell $11.12, or 17.77%, to close at $51.46 on May 10, 2016.
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
SOURCE Pomerantz LLP