SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Class Action Against Zebra Technologies Corporation (ZBRA) & Lead Plaintiff Deadline: September 25, 2017

NEW YORK, July 26, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Zebra Technologies Corporation ("Zebra" or the "Company") (NASDAQ: ZBRA) and certain of its officers, on behalf of shareholders who purchased Zebra securities between March 17, 2015 and May 9, 2016, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: http://www.bgandg.com/zbra.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. 

The Complaint 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 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.

On May 10, 2016, before market-hours, Zebra revealed its disappointing 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 that same date, Zebra filed its Form 10-Q quarterly report with the SEC for the first quarter of 2016, confirming that the Company found defects in its internal controls in 2015, reducing its ability to accurately predict its pretax income and deferred taxes.  Following this news, Zebra stock dropped over $11 per share, from a close of $62.58 per share, or about 18%, to close at $51.46 on May 10, 2016.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: http://www.bgandg.com/zbra or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Zebra 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.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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