An investigation for investors in NYSE:MSI shares was announced over potential securities laws violations by Motorola Solutions Inc(in connection certain financial statements.
Investors who purchased shares of Motorola Solutions Inc (NYSE:MSI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether certain statements by Motorola Solutions Inc (NYSE:MSI regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Motorola Solutions Inc reported that its annual Total Revenue rose from over $5.69 billion in 2015 to over $6.03 billion in 2016 and that its Net Income declined from $640 million to $560 million.
Shares of Motorola Solutions Inc (NYSE:MSI) grew from $57.48 per share in July 2015 to as high as $85.29 per share on January 25, 2017.
On February 7, 2017, a report was published that Motorola Solutions’ handset sales contributed “a whopping 76.7% of Motorola’s bottom line”, that Motorola Solutions’ handsets were significantly overpriced, and that Motorola Solutions’ “borderline anti-competitive” sales tactics were unlikely to prove sustainable in competitive bidding for government contracts.
Shares of Motorola Solutions Inc (NYSE:MSI) declined to as low as $76.92 per share on February 7, 2017.
On February 21, 2017, NYSE:MSI shares closed at $80.15 per share.
Those who purchased NYSE:MSI shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com