Motorola, Inc. - under investor investigation concerning Executive compensation - Shareholdersfoundation.com, 2010 June 7
Investigation
on behalf of current long term investors in Motorola, Inc. (NYSE:MOT) –
Contact the Shareholders Foundation, Inc
mail@shareholdersfoundation.com
FOR IMMEDIATE RELEASE
PRLog
(Press Release) –
Jun 07, 2010 – A Motorola investor filed a lawsuit on behalf of
those who purchased Motorola, Inc. (NYSE:MOT) common stock during the
period beginning December 6, 2007 through January 22, 2008. Meanwhile an
investigation on behalf of current long term investors in Motorola,
Inc. (NYSE:MOT) concerning breaches of fiduciary duty related to the
historical and potential compensation that was awarded certain senior
officers was announced.
If you are a current long term investor Motorola, Inc. (NYSE:MOT)
stock, you have certain options and you should contact the Shareholders
Foundation, Inc by email mail@shareholdersfoundation.com or call +1(858)
779 – 1554.
Motorola, Inc., located in Schaumburg, Illinois, is engaged in providing
technologies, products and services for mobile phones. According to the
complaint filed in the U.S. District Court for the Northern District of
Illinois on behalf of those who purchased Motorola, nc. (NYSE:MOT)
common stock during the period beginning December 6, 2007 through
January 22, 2008, the plaintiff alleges that Motorola, Inc. (NYSE: MOT)
and certain of its current and former officers and directors violated
the Securities Exchange Act of 1934 by intentionally and knowingly
misstating between December 6, 2007 through January 22, 2008 Motorola's
4Q 07 earnings projections and sales demand for its newly-released RAZR2
mobile handset during the 2007 holiday shopping season.
According to the investigation by a law firm the investigation on behalf
of current long term investors in Motorola stock focuses on possible
claims that certain of Motorola’s senior officers were unjustly enriched
through their receipt of unwarranted, excessive or unearned
compensation in past years.
Motorola’s Total Revenue declined from $36.622billion in 2007, to
$30.146billion in 2008, and $22.044billion in 2009.
Certain senior officers at Motorola, were awarded salaries, bonuses,
stock options and other forms of long-term, ‘incentive’
retirement compensation that was, so the investigation, excessive or
unwarranted based on the Motorola’s performance as compared to what
senior officers at comparable companies were making and/or results that
were fraudulent, misleading or not long-lasting. The investigation by
the law firm is also investigating claims that the prior compensation
awarded at Motorola is now clearly improper based upon its current
operating condition. Finally the investigation focuses also on possible
claims that would allow Motorola (MOT) stockholders to influence or
control future compensation decisions at Motorola. Shares of Motorola,
Inc. (MOT) traded recently at $6.70 per share, down from its 52weekHigh
of $9.45 per share, $15.07 per share on January 04, 2009, almost $20 per
share during 2007, and over $26 per share in 2006.
stock, have certain options and should contact the Shareholders
Foundation, Inc by email mail@shareholdersfoundation.com or call +1(858)
779 – 1554.
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