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Marketwired
Marketwired
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NYSE: ZBH Investor Notice: Update in Lawsuit against Zimmer Biomet Holdings Inc announced by Shareholders Foundation

June 03, 2019 | About:

SAN DIEGO, June 03, 2019 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in : ZBH shares.

Investors who purchased shares of Zimmer Biomet Holdings Inc (: ZBH) in May 2016 or earlier and continue to hold any of those : ZBH shares should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

On December 2, 2016, a lawsuit was filed against Zimmer Biomet Holdings Inc. The plaintiff alleged that the defendants failed to disclose that supply chain problems led to a decrease in order fulfillment rates, most notably within Zimmer’s knee and hip portfolios, that, as such, the Company would not achieve its revenues and profit forecast, and that, as a result of the foregoing, Defendants’ statements about Zimmer’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. On June 16, 2017, an amended complaint, on June 28, a corrected amended complaint, and on October 5, 2017, a second amended complaint was filed. On December 20, 2017, the defendants filed their motion to dismiss the second amended complaint. On September 26, 2018, the court denied in part the motion to dismiss the case.

Those who purchased Zimmer Biomet Holdings Inc (: ZBH) shares should contact the Shareholders Foundation, Inc.

CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

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