Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) IPO Investor Investigation over possible Wrongdoing

PRLog (Press Release) - Apr. 16, 2012 - Certain officers and directors of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ)  are under the investigation for current long term investors in Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) shares over possible breaches of fiduciary duties.

Investors who are current long term investors in Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current investors in Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) stocks follows a lawsuit filed against Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) over alleged violations of Federal Securities Laws. The investigation on behalf of current long term investors in Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) stocks focused whether certain Zeltiq Aesthetics officers and directors breached their fiduciary duties owed to NASDAQ:ZTLQ stockholders and are liable in connection with the allegations made in that lawsuit.

According to that 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. Shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) rose in November 2011 to $17 per share and traded for the most part of the first two months in 2012 over $10 per 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) dropped from $11.11 on March 5, 2012 to as low as $5.64 on March 8, 2012 and closed on Friday, March 30, 2012, at $6.17 per share.

Those who purchased shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) 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.

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