Zeltiq Aesthetics Inc Investor Alert: Lawsuit over alleged Misleading Statements

April 11, 2012 - PRLog -- An investor in NASDAQ-ZLTQ filed a lawsuit against Zeltiq Aesthetics Inc  over alleged violations of Federal Securities Laws by certain Statements made in its IPO.

If you purchased shares of Zeltiq Aesthetics Inc  pursuant and or traceable Zeltiq Aesthetics’ initial public offering in October 2011, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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  dropped from $11.11 on March 5, 2012 to as low as $5.64 on March 8, 2012.

NASDAQ-ZLTQ shares closed on April 3, 2012 at $5.66 per share

Those who purchased shares of Zeltiq Aesthetics Inc  pursuant and or traceable Zeltiq Aesthetics’ initial public offering in October 2011, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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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.