WBEZ | Motorola Solutions http://www.wbez.org/tags/motorola-solutions Latest from WBEZ Chicago Public Radio en Motorola settles class action suit for $200 million http://www.wbez.org/story/motorola-settles-class-action-suit-200-million-96115 <p><p>Suburban-based Motorola is settling a years-long securities fraud lawsuit brought by company shareholders.</p><p>Motorola Solutions has agreed to pay $200 million to settle a class action lawsuit investors brought against the company in August 2007. The lawfirm Robbins Geller Rudman &amp; Dowd, which represents Motorola shareholders in the suit, announced via its webiste Friday that a settlement had been reached with the electronics company earlier in the week.</p><p>According to documents filed with the federal district court in Chicago, shareholders allege Motorola artificially inflated it's stock prices by falsely telling investors to expect revenue increases in the second half of 2006.</p><p>The documents say when those revenues didn't come in, stock prices fell sharply and investors lost money.</p><p>"As a result of the plaintiff's efforts, they have a very, very significant settlement that will turn a meaningful amount of money back to investors," said Samuel Rudman, an attorney representing the shareholders.</p><p>A spokesperson for Motorola would not comment on accusations of any wrongdoing, but said the company is glad to have the suit behind it.</p><p>The settlement still needs to be approved by a federal judge.</p></p> Sat, 04 Feb 2012 00:04:00 -0600 http://www.wbez.org/story/motorola-settles-class-action-suit-200-million-96115 Motorola adding jobs, office space downtown http://www.wbez.org/story/motorola-adding-jobs-office-space-downtown-87835 <img typeof="foaf:Image" src="http://llnw.wbez.org/archives/images/cityroom/cityroom_20100211_ahill_721768_Moto_large.png" alt="" /><p><p>Motorola Solutions Inc. is creating 400 new jobs but they won't be at the company's headquarters in northwest suburban Schaumburg. Motorola Solutions CEO Greg Brown says the company's headquarters is staying put in Schaumburg. But the new jobs will be in downtown Chicago.</p><p>"We're still headquartered there," Brown said. "We'll keep our headquarters there. It's not one versus the other, but this is an attractive area to grow."</p><p>Brown announced Tuesday that the company, which makes bar code readers and police scanners, is expanding its work force and he said the downtown office is appealing, if for nothing more than its location.</p><p>"The more centrally-located you are with a skilled workforce around you that allows for low cost transfer of people and mobility is clearly conducive to investment and local jobs," he said.</p><p>Motorola recently split into two companies: Motorola Solutions and Motorola Mobility. Mobility recently announced it's keeping its corporate headquarters in north suburban Libertyville.</p><p>Brown said the City of Chicago did not offer any special tax credits to put offices downtown.</p></p> Tue, 14 Jun 2011 19:23:00 -0500 http://www.wbez.org/story/motorola-adding-jobs-office-space-downtown-87835