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Deadline Alert: Law Offices of Howard G. Smith Reminds Investors of the Looming Deadline in the Class Action Lawsuit Against Zebra Technologies Corporation (ZBRA)
[September 22, 2017]

Deadline Alert: Law Offices of Howard G. Smith Reminds Investors of the Looming Deadline in the Class Action Lawsuit Against Zebra Technologies Corporation (ZBRA)


Law Offices of Howard G. Smith reminds investors of the September 25, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Zebra Technologies (News - Alert) Corporation ("Zebra" or the "Company") (NASDAQ: ZBRA) securities between March 17, 2015 and May 9, 2016, inclusive (the "Class Period"). Zebra investors have until September 25, 2017 to file a lead plaintiff motion.

Investors suffering losses on their Zebra investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].

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 (News - Alert) for the irst quarter of 2016, confirming that the Company found defects in its internal controls in 2015, which weakened its ability to accurately predict pretax income and deferred taxes.



The Complaint filed in this class action alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose materially adverse information regarding Zebra's business, prospects, and financial results. Specifically, the Complaint alleges that: (1) Zebra had understated its income taxes through the end of 2015; (2) Zebra had under accrued certain 2015 estimates, in particular with respect to its sales commission plan; (3) Zebra overstated the net realizable value of trade receivables acquired in connection with its acquisition of Motorola's (News - Alert) Enterprise division; (4) the impact of material weaknesses identified in its internal controls and procedures over financial reporting and disclosure; (5) consequently, Zebra's financial guidance for 2015 and the first and second quarters of 2016 were materially false and misleading; and (6) as a result of these false statements, Zebra common stock traded at artificially inflated prices throughout the Class Period.

If you purchased shares of Zebra during the Class Period you may move the Court no later than September 25, 2017 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com.


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


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