Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Zebra Technologies
Corporation (ZBRA) and Encourages Investors to Contact the Firm Before September 25th
Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the
Eastern District of New York on behalf of all persons or entities who purchased or otherwise acquired Zebra Technologies
Corporation (NASDAQ : ZBRA) securities between March 17, 2015 and May 9, 2016 (the “Class Period”). Investors have until September
25, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The Complaint alleges that throughout the Class Period, the Company made false and/or misleading statements and/or failed to
disclose that: (a) There were severe integration issues associated with Zebra's acquisition of Motorola Enterprise;
(b) Zebra was understating its income taxes through the end of FY15, had under-accrued certain 2015 estimates, most notably
for its sales commission plan, and overstated the net realizable value of trade receivables acquired in connection with the
Motorola Enterprise assets acquisition; (c) Zebra lacked both effective disclosure controls and procedures, as well as
internal controls over financial reporting; (d) Because of the material weaknesses that were identified in its internal
controls and procedures over financial reporting and disclosure, Zebra lacked the ability to accurately forecast pretax income and
deferred taxes in a timely matter; and (e) Zebra's Class-Period financial statements were not prepared in accordance with GAAP
and, therefore, were materially false and misleading.
On May 10, 2016, Zebra issued a press release announcing its financial results for the first quarter of 2016. Zebra reported
first quarter revenue and non-GAAP EPS of $847 million and $1.01, respectively, significantly less than the $879 million in
revenues and GAAP net income of $1.22 per share, respectively, the Company had led the investment community to expect - and less
than its own prior guidance on February 25, 2016. Following this news, shares of Zebra fell $11.12, or almost 18%, to close at
$51.46 on May 10, 2016.
If you purchased or otherwise acquired Zebra Technologies securities during the Class Period and suffered a loss or continue to
hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any
questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or
Melissa Fortunato by email at investigations@bespc.com, or telephone
at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For
additional information concerning the Zebra Technologies Corporation lawsuit, please go to http://www.bespc.com/zbra. For additional information about Bragar Eagel & Squire, P.C., please go to
www.bespc.com.
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
212-355-4648
investigations@bespc.com
www.bespc.com
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