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Zeltiq Aesthetics Inc Investor files Lawsuit over alleged Misleading Statements
A lawsuit was filed for investors in Zeltiq Aesthetics Inc over alleged securities laws violations and NASDAQ-ZLTQ stockholders should contact the Shareholders Foundation at email@example.com
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 firstname.lastname@example.org 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
Zeltiq Aesthetics Inc reported that its annual Revenue rose from $1.59million in 2009 to $25.46million in 2010 and that its Net Loss decreased from $17.64million in 2009 to $13.53million in 2010. Furthermore Zeltiq Aesthetics Inc reported that its third quarter Revenue rose from $6.62million in 2010 to $17.72million in 2011 and its third quarter Net Loss decreased from $8.50million in 2010 to $2.85million in 2011.
Shares of Zeltiq Aesthetics Inc 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 dropped from $11.11 on March 5, 2012 to as low as $5.64 on March 8, 2012 and closed on Friday, March 16, 2012 at $6.65 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 email@example.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.