Investigation Overview
December 16, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Zebra Technologies Corp. (NASDAQ:ZBRA) was announced over potential breaches of fiduciary duties by certain officers and directors at Zebra Technologies Corp.
The investigation by a law firm concerns whether certain Zebra Technologies officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Zebra Technologies Corp. reported that its annual Total Revenue rose from over $1.03 billion in 2013 to over $1.67 billion in 2014 while its Net Income declined from $134.22 million in 2013 to $32.43 million in 2014.
Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) grew from $64.61 per share in October 2014 to as high as $116.58 per share in June 2015. Since then NASDAQ:ZBRA lost significant value and declined to as low as $67.71 per share on November 13, 2015, respectively $68.35 per share on December 14, 2015.
On December 16, 2015, NASDAQ:ZBRA shares closed at $70.20 per share.