The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Eastern District of New York on behalf of investors who purchased Zebra Technologies Corporation (NASDAQ : ZBRA) securities between March 17, 2015 and May 9, 2016.
According to the complaint, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company had understated its income taxes through the end of 2015, and under accrued certain 2015 estimates, particularly in respect to its sales commission plan; (2) the Company overstated the net realizable value of trade receivables acquired in connection with the Company's acquisition of Motorola's Enterprise division; and (3) the Company also failed to disclose the impact of material weaknesses identified in its internal controls and procedures over financial reporting and disclosure, which then caused the misstatements and rendered the Company's guidance for 2015 and the first and second quarters of 2016 materially false and misleading.
If you suffered a loss in Zebra Technologies Corporation you have until September 25, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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