An investigation for investors in NYSE:ZBH shares over potential securities laws violations by Zimmer Biomet Holdings and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Zimmer Biomet Holdings Inc (NYSE:ZBH), 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 possible claims on behalf of purchasers of the securities of Zimmer Biomet Holdings Inc (NYSE:ZBH) concerning whether a series of statements by Zimmer Biomet Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Zimmer Biomet Holdings Inc reported that its annual Total Revenue rose from over $4.67 billion in 2014 to over $5.99 billion in 2015 while its Net Income declined from $720.30 million in 2014 to $147.00 million in 2015. Shares of Zimmer Biomet Holdings Inc (NYSE:ZBH) grew from under $70 per share in 2013 to as high as $132.74 per share on October 10, 2016.
Then on October 31, 2016 Zimmer Biomet Holdings Inc announced that it was reducing its full-year forecast for 2016 from a previous estimate of $7.71 billion, Zimmer Biomet Holdings Inc said it now predicts revenues to be between $7.63 billion and $7.65 billion.
Shares of Zimmer Biomet Holdings Inc (NYSE:ZBH) declined to as low as $101.92 per share on November 2, 2016.
On November 15, 2016, NYSE:ZBH shares closed at $101.45 per share.
Those who purchased NYSE:ZBH 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
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