LAWSUITS NEWS & LEGAL INFORMATION
Zeltiq Securities Fraud Class Action
San Francisco, CA: A securities class action lawsuit has been commenced against ZELTIQ Aesthetics, Inc. ("ZELTIQ") and certain of its officers and directors in Superior Court of the State of California for the County of Alameda. The ZELTIQ Aesthetics securities fraud lawsuit alleges that ZELTIQ violated Federal securities laws by issuing false and misleading information or omissions in the Company' Registration Statement and Prospectus, issued in connection with the Offering that was completed on October 24, 2011.
Based in Pleasanton, California, ZELTIQ is a medical technology company that engages in developing and commercializing non-invasive products for the selective reduction of fat. ZELTIQ went public in October 2011, which raised $89.3 million, at $13.00 per share.
The complaint alleges that ZELTIQ' Registration Statement failed to disclose, among other things, that the Company was going to initiate a transition to a direct sales force in certain key international markets in the 2011 fiscal fourth quarter, which would negatively impact the Company' near term financial performance. The suit further alleges that the Company' business during the fiscal fourth quarter was subject to seasonal trends that negatively impacted its financial performance.
Once ZELTIQ issued a press release on March 6, 2012 announcing fourth quarter 2011 sales and profits well below analyst estimates, shares of ZELTIQ declined $3.75 per share, or 33.75%, to close at $7.36 per share, on unusually heavy trading volume. The closing price represented a cumulative loss of $5.64, or 43.38%, of the value of Company' shares at the IPO price of $13.00 per share.
Published on Mar-21-12
Based in Pleasanton, California, ZELTIQ is a medical technology company that engages in developing and commercializing non-invasive products for the selective reduction of fat. ZELTIQ went public in October 2011, which raised $89.3 million, at $13.00 per share.
The complaint alleges that ZELTIQ' Registration Statement failed to disclose, among other things, that the Company was going to initiate a transition to a direct sales force in certain key international markets in the 2011 fiscal fourth quarter, which would negatively impact the Company' near term financial performance. The suit further alleges that the Company' business during the fiscal fourth quarter was subject to seasonal trends that negatively impacted its financial performance.
Once ZELTIQ issued a press release on March 6, 2012 announcing fourth quarter 2011 sales and profits well below analyst estimates, shares of ZELTIQ declined $3.75 per share, or 33.75%, to close at $7.36 per share, on unusually heavy trading volume. The closing price represented a cumulative loss of $5.64, or 43.38%, of the value of Company' shares at the IPO price of $13.00 per share.
Zeltiq Securities Fraud Class Action Legal Help
If you or a loved one has suffered damages in this case, please click the link below and your complaint will be sent to a lawyer who may evaluate your claim at no cost or obligation.Published on Mar-21-12
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READER COMMENTS
Emily Marston
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so so much. My stomach area is worse than before it
stretches the skin and makes it worse. Also I had my arms done
resulting in in hanging skin and flapping. It has affecting my
health as well. I went to the doctor several times and landed in the
Emergency thinking I had kidney failure. I am not the same!!!
I regret having this treatment it has destroyed my life and I have such depression.
Emily P Marston
Barbara Alaimo
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I had 8 treatments in my abdomen two on each quadrant spending close to 7,000 for ABSOLUTELY NOTHING I was told that I would see atleast a 50% reduction. It actually caused the areas that were treated to be hard and bulky, my before snd after pictures are absolutely wild. Even after having two babies, losing 30 lbs working out and eating right. You can stil see how HORRIBLE MY BODY LOOKS. the bulging in hard areas on my stomach you can see it through every single shirt every single bathing suit and it’s almost impossible to hide cool sculpting made me HATE my body. and now I need to have liposuction to correct it. So another 10 thousand dollars when I should have just had liposuction to begin with. The dr who is doing my liposuction in a month from now said he has NEVER SEEN anything like that and the company should be ashamed of them selves for this
I was POORLY instructed by the doctors at the office that I had chose AND THE ZELTIQ REP that was a “ fantastic candidate”
Meanwhile after years later of hard research your BMI has to be very low for you to see slight success.
I lost 20 lbs before I got the cool sculpting done. It made me very Uncomfortable for weeks after having the procedure done the tingling the discomfort the pain the bruising.
This is the most awful thing I have ever done in my life.
Anybody and everybody who tells me that they’re interested in cool sculpting I tell them my horror story. It immediately shows them away
I have before and after pictures and you can see that the results of the cool sculpting.
Sandy
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Sheila Mattei
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Andrea Barnes
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Julie
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Trish S
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Beth
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Kelly Feigum
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Nancie Zimmerman
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Heather dawn
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Nanciez
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Michelle
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Salyas
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Yvonne Sanders
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Bobbie G Bennett
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Jane lil
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My abdomen continues to grow
I’ve lost 10lbs & it is still bigger than when I began
I also have lumps & what looks like disgusting cellulite which I did not have before
The clinic who performed has clashed & re opened w different name
They still had my photos & agreed to take new pictures & agreed my abdomen is bigger
They claim I now need surgery
Zeltiq needs to be held responsible for this
They claim u will lose up to 25% but also say maybe no results (in small print)
But nowhere do they say may make bigger & lumpy
Please file lawsuit.
I’m in
Jeanette Rose Owens
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Michele Finley
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Louis Galvan
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James Paganelli
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cory Barnes
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Himanshu
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thanks
Jeannine DuChateau
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Kristy Seale
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Jodi Woolwine
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carol fine
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judith lunsford
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Judylunsford
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Michelle
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V. Lehner
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Gina Cavalier
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I am healing from a hysterectomy in my procedure it was found that my intestines/bowel were cemented onto my uterus. This was a very hard and delicate surgery and I might have life long issues and it might be from Cool Sculpting which I only had last year and have had issues every since I had it done. I know for a fact that I did not have this issue 3 years ago becuase I had some fibroids removed and I was fine. THIS IS MAJOR - LIFE THREATENING LIFE LONG ISSUES POTENTIAL.
N Vaccaro
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Kasey
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Mary Deggelman
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Kylie Chang
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Emerson Philippines
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Lashay Turner-Fluker
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Danial
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Alicia tellis
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More self conscience as my belly is bigger'! I wanted to avoid a more invasive procedure so I opted for this! One of the worst mistake of my life! This company is not right and must be stopped what they are doing is unethical.... coolsculpting is a complete scam I am now convinced! They market it as if it is an alternative to lipo! It is not! I want to prevent people who have went thru what I had to go through! I don't want other to waste money and end up with a larger firmer area of fat that is more visible! I must admit vanity got the best of me!
Jennifer Halladay
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AUndrey Markee
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Domonic J Roberts
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Debra M
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Please include me in any Class Action suit as this is total fraud and needs to be stopped! I am continuing to see their TV ads daily....makes me sick!
joan barstad
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Robyn
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B Vanle
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Anthony Larson
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This is only a select few that achieve that!
I was also told they would pay for surgery if it did not work which they did not stand behind! Absolutely no ROI Save your money!
Patricia
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Webster
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Susan Wallace
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Martha Donley
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Vayle Isom
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I ran into the nurse who did my treatment (who no longer works there) and she told me her treatments didn't work either.
I'm definitely interested in a class-action.
Danielle B
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Tracey L
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Betty
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nanny
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Don't give your money away!!
ZELTIQ Cool sculpting does not work, and what's worst they don't want to heard your complaint.
TOTALLY RIPPED OFF!!
Amy King
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Susan
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I want a to sue this company. I had this done almost a year ago and I am still upset over me spending my money on this fake procedure.
Melany Olson
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Andrea Riggs
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I look worse
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I had cool sculpting on my inner thigh six weeks ago and they look worse. They never rubbed but now they do so i don't know what to do and how long to wait to see if this will go down.
Disturbed Greatly!
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Tonya smith
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Tanya
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April Moore
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Teresa Trenary
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Eris Santiago
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Donna Smith
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Penny
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Joann Holland
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Jennifer Couturier
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Misha S
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Memori Jackson
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Nancy Roe
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Allison Adams
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Pamela Newhard
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I did have Safe Lipo done with another doctor, one that actually took the time to discuss the issues with me. I am less than two weeks out from that procedure but that treatment cost me $7470.00. I am looking to recoup my money. Please help. I went in for Coolsculpting with a minor belly and ended up spending over $10,000 to correct a huge problem caused by Zeltiq and Coolscuplting. Thank you.
Also, I was never informed verbally about the possibility of PAH. They say it was in the document I signed but it was NEVER mentioned. The only thing that was said was that it might not work.
V green
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Ann mArie Guerra - LaRosa
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Kathy
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David
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SHEILA G. MADISON
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Lynn H
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Kristy McKibben
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Terri B
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Christina Park
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Cierra
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Peggy
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Debbie
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Sandy Altaro
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Carrie H
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Carolann Kummins
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I had cool sculpting done this past spring. Not onlydid it not work, I have been sick ever since doing the procedure. The pain was excruciating. It lasted for over a month. Today, just in the area where I had cool sculpting, I have developed lumps under my skin. Currently, we are scheduling a biopsy.
have you heard anything like this or have any other stories such as mine?
Thank you for your time
Rachael Lovetro
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Thank you,
Rachael Lovetro
Sharon Eckhardt
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Also a large applicator counts as 2 applications and doubble the cost.