Please complete this form and list your purchase and sale transaction(s) for Zebra Technologies Corp. (Nasdaq: ZBRA) securities between November 4, 2014 and November 9, 2015, both dates inclusive (the “Class Period”):
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On July 26, 2017, the initial complaint in this securities class action was filed against Zebra Technologies Corporation (“Zebra” or the “Company”), and certain of Zebra’s directors, officers and underwriters, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.
The complaint alleges that during the class period, defendants issued materially false and misleading statements and/or failed to disclose adverse information regarding Zebra’s business, prospects and financial results. Specifically, defendants failed to disclose that Zebra had understated its income taxes through the end of 2015, underaccrued certain 2015 estimates, in particular with respect to its sales commission plan, and overstated the net realizable value of trade receivables acquired in connection with the Company’s acquisition of Motorola’s Enterprise division. As a result of defendants’ false statements, Zebra common stock traded at artificially inflated prices during the Class Period.
Lead Plaintiff brought this action on behalf of all persons who purchased Zebra common stock between November 4, 2014 and November 9, 2015, inclusive.
Current Status of Case:
Lead Plaintiff filed a consolidated second amended Complaint on November 22, 2019. Defendants filed a Motion to Dismiss the consolidated second amended Complaint on January 21, 2020. On October 16, 2020, the Court issued an Order granting defendants' Motion to Dismiss. Plaintiffs filed a Notice of Appeal to the 7th Circuit Court of Appeals on November 13, 2020. This case is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; or via e-mail at email@example.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.