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Glancy Prongay & Murray LLP Commences Investigation on Behalf of Zebra Technologies Corporation Investors (ZBRA)

2017-09-19 10:30 ET - News Release


LOS ANGELES -- (Business Wire)

Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Zebra Technologies Corporation (“Zebra” or the “Company”) (NASDAQ: ZBRA) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or participate in the class action, please visit the Zebra page on our website at www.glancylaw.com/case/zebra-technologies-corporation.

On May 10, 2016, Zebra announced poor financial results for its 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.” On this news, Zebra’s stock price fell more than $11 per share, or about 18%, to close at $51.46 on May 10, 2016.

Subsequently, Zebra filed its Form 10-Q with the SEC for the first quarter of 2016, confirming that the Company found defects in its internal controls in 2015, which weakened its ability to accurately pretax income and deferred taxes.

If you purchased Zebra securities, have information or 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 Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts:

Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley F. Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

Source: Glancy Prongay & Murray LLP

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