Glancy Prongay & Murray LLP Announces Investigation of Zebra Technologies Corporation
Aug. 28, 2018
NEW YORK--(BUSINESS WIRE)--Aug 28, 2018--Glancy Prongay & Murray LLP ( www.glancylaw.com ) is investigating potential claims against the board of directors of Zebra Technologies Corporation (“Zebra” or the “Company”) (NASDAQ: ZBRA), concerning whether the board has breached its fiduciary duties to shareholders.
Zebra is a leader in the Automatic Identification and Data Capture (“AIDC”) market, including mobile computing, data capture, radio frequency identification devices (“RFID”), barcode printing, and other automation products and services.
In April 2014 Zebra announced the acquisition of its competitor Motorola Incorporated’s Enterprise division. As a result of the acquisition Zebra faced monumental costs of integration of the Motorola business, but concealed such costs, and instead touted cost savings resulting from the merger. Ultimately, Zebra was required to spend $200 million to integrate the Motorola business. The falsely reported synergy and integration costs forced Zebra to restate its financial reporting for all of 2015 and the first two quarter of 2016.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Zebra shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Matthew M. Houston, Esq. Benjamin I. Sachs-Michaels, Esq. Glancy Prongay & Murray LLP 712 Fifth Avenue, 31 st Floor New York, New York 10019 Phone Number: (212) 935-7400 Email: firstname.lastname@example.org
Glancy Prongay & Murray LLP has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Glancy Prongay & Murray LLP website ( http://www.glancylaw.com ) for more information about the firm.
The law firm responsible for this advertisement is Glancy Prongay & Murray LLP ( www.glancylaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180828005669/en/
CONTACT: Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Glancy Prongay & Murray LLP
712 Fifth Avenue, 31stFloor
New York, New York 10019
Phone Number: (212) 935-7400
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 08/28/2018 01:27 PM/DISC: 08/28/2018 01:27 PM