Health & Fitness
Fri, March 9, 2012
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the securities of ZELTIQ Aesthetics, Inc. (aZELTIQa or the aCompanya) (NASDAQ:ZLTQ) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between October 18, 2011 and March 6, 2012, regarding ZELTIQas business, operations and financial condition were false and misleading.
ZELTIQ, a medical technology company, engages in developing and commercializing non-invasive products for the selective reduction of fat. The investigation relates to the Companyas March 6, 2012 announcement that it had lost $5.8 million, or $0.22 per share, in the fourth fiscal quarter and that it was significantly lowering its guidance forecast moving forward. On this news, the Companyas shares declined $3.75 per share, or 33.75%, to close on March 6, 2012, at $7.36 per share, on unusually heavy trading volume.
If you purchased ZELTIQ securities between October 18, 2011 and March 6, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ www.howardsmithlaw.com ].