Motorola Reaches $200M Settlement in Securities Lawsuit

Motorola Reaches $200M Settlement in Securities Lawsuit - 2/3/2012

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HEADLINES \| SETTLEMENTS AND DISMISSALS \| COURT FILINGS LINKS TO OTHER NEWS \| NEWS ARCHIVE	HEADLINES ARCHIVED SETTLEMENTS AND DISMISSALS ARCHIVED

SETTLEMENT NEWS:

Motorola Reaches $200M Settlement in Securities Lawsuit
Staff Writer

http://www.lawyersandsettlements.com. February 3, 2012
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EXCERPT A $200 million settlement has been reached with Motorola Solutions Inc, bringing to an end a securities lawsuit filed in 2007 by company shareholders. Motorola has denied any wrongdoing. The securities lawsuit, filed before Motorola split into two companies last year, alleged the electronics manufacturer had artificially inflated its stock by making misrepresentations about the company's projected revenues for the third and fourth quarters of 2006. Lead plaintiffs in the lawsuit are Macomb County Employees' Retirement System and St. Clair Shores Police and Fire Pension System. Lawyers representing all plaintiffs said the settlement represents an extraordinary recovery for investors in a case where there was no financial restatement or (Securities and Exchange Commission) investigation. Shareholders who acquired stock between July 19, 2006, and January 4, 2007, may be eligible for a recovery. […]

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