is a boutique law firm handling complex and class action litigation, including shareholder derivative litigation, securities class actions, data breach and consumer class actions.

Current Securities Class Action Cases

Federman & Sherwood regularly posts press releases about new class action securities cases, which includes the class period and deadlines for appointment of lead plaintiffs.  Please review any of the case listings  below, and if you bought a security during the class period, we invite you to return an investor certification to our office. Our link to an investor certification for any of the cases can be found below each respective press release on that company.  Once completed, please return to our office by email to rkh@federmanlaw.com or fax to (405) 239-2112. 

Current Cases

Zebra Technologies Corporation [NASDAQ: ZBRA]

Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Zebra Technologies Corporation

Oklahoma City, OK (July 27, 2017) – On July 26, 2017, a securities class action lawsuit was filed in the United States District Court for the Eastern District of New York against Zebra Technologies Corporation (NASDAQ: ZBRA). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is March 17, 2015 through May 9, 2016. More specifically, this litigation was filed because 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, under accrued 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 Zebra’s acquisition of Motorola’s Enterprise division. Zebra also failed to disclose the impact of material weaknesses identified in its internal controls and procedures over financial reporting and disclosure, which caused the misstatements and rendered the Company’s financial guidance for 2015 and the first and second quarters of 2016 materially false and misleading. As a result of defendants’ false statements, Zebra common stock traded at artificially inflated prices during the Class Period.

On May 10, 2016, before the open of trading, Zebra announced 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.” Also on May 10, 2016, Zebra filed its quarterly report on Form 10-Q with the SEC for the first quarter of 2016, which confirmed that Zebra had found defects in its internal controls in 2015 that had impaired its ability to accurately forecast its pretax income and deferred taxes.

On this news, the price of Zebra stock dropped to close at $51.46 per share on May 10, 2016.

Plaintiff seeks to recover damages on behalf of all Zebra Technologies Corporation shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Monday, September 25, 2017 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

To join this class action, click here to obtain an investor certification. Once complete, please email this form to rkh@federmanlaw.com, fax to us at (405) 239-2112 or send by regular mail to Federman & Sherwood, 10205 North Pennsylvania Avenue, Oklahoma City, OK 73120, ATTN: Robin.

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