PRLog - April 11, 2012 - SAN DIEGO -- An investor in NASDAQ:ZLTQ filed a lawsuit against Zeltiq Aesthetics Inc (NASDAQ:ZLTQ)
If you purchased shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ)
According to the complaint the plaintiff alleges that defendants violated the Securities Exchange Act of 1933 by allegedly making false and misleading statements in the registration statement and prospectus for its IPO.
Zeltiq Aesthetics Inc went public in October 2011, which raised $89.3 million, at $13 a share.
Then on March 6, 2012 ZELTIQ Aesthetics, Inc. announced its financial results for the quarter and year ended December 31, 2011 and provided its guidance for 2012. Among other things, ZELTIQ Aesthetics issued its Fiscal Year 2012 Revenue guidance, which is below Analysts' Estimates
Following the announcement shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ)
NASDAQ:ZLTQ shares closed on April 3, 2012 at $5.66 per share
Those who purchased shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ)
# # #
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.