Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Zagg Inc    ZAGG

ZAGG INC (ZAGG)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Zagg Inc : The Shuman Law Firm Investigates ZAGG Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/09/2013 | 02:05am CEST

The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of ZAGG Inc. ("ZAGG" or the "Company") (Nasdaq: ZAGG). ZAGG designs, manufactures and distributes protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices.

The firm's investigation relates to allegations that Richard Pedersen, Zagg's founder and former CEO, used ZAGG stock as collateral on personal loans and sold to satisfy margin calls. A class action lawsuit filed against the Company alleges that senior ZAGG officers and/or directors became aware of Pedersen's pledging of ZAGG stock as collateral to meet margin calls as early as December 2011 but instead of disclosing that information, initiated a succession plan to replace Pedersen as CEO while concealing the true reason behind Pedersen's departure.

On August 17, 2012, ZAGG announced that Pedersen had resigned for unspecified reasons. However, beginning on August 20, 2012, the truth emerged that Pedersen's departure was "entirely related to the margin calls situation that started last December and unfortunately surfaced again two weeks ago." ZAGG then disclosed that Pedersen had sold 345,000 shares of ZAGG stock on December 21, 2011 and an additional 515,000 shares on August 14, 2012 to satisfy margin calls.

If you currently own ZAGG common stock and are interested in discussing your rights as a shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at [email protected] or email Mr. Glenn at [email protected].

The Shuman Law Firm represents investors throughout the nation, concentrating its practice in stockholder litigation.

The Shuman Law Firm
Kip B. Shuman, Esq., 866-974-8626
[email protected]
or
Rusty E. Glenn, Esq., 866-974-8626
[email protected]
or
Fax: 303-484-4886
Web: www.shumanlawfirm.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ZAGG INC
04/24 ZAGG TO HOST FIRST QUARTER 2017 EARN : 00 pm edt
04/19 IFROGZ Launches Impulse Wireless Bluetooth Earbuds at Best Buy Locations Nati..
04/17 InvisibleShield Announces Curved Screen Protection for the Samsung Galaxy S8 ..
03/23 InvisibleShield Introduces Screen Protection for the New 9.7-inch Apple iPad
03/10 ZAGG INC (NASDAQ : ZAGG) Files An 8-K Financial Statements and Exhibits
03/09 ZAGG : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS O..
03/09 ZAGG : Financial Statements and Exhibits (form 8-K/A)
03/08 ZAGG : ZAGG) Jumps Despite Q4 Loss
03/07 ZAGG : reports 4Q loss
03/07 ZAGG INC : Results of Operations and Financial Condition, Financial Statements a..
More news
Sector news : Household Electronics - NEC
04/28 Foxconn plans 'capital-intensive' U.S. investment-Chairman Gou
04/27 LG ELECTRONICS : South Korea's LG Electronics reports best quarterly profit in n..
04/27DJSONY : Fox TV Veteran Leads Field for Sony Film Post -- WSJ
04/21 PANAHOME : Panasonic raises PanaHome buyout offer to appease shareholders
04/19DJFoxconn Sees Future Path Beyond Apple -- WSJ
More sector news : Household Electronics - NEC
News from SeekingAlpha
03/07 ZAGG's (ZAGG) CEO Randy Hales on Q4 2016 Results - Earnings Call Transcript
03/07 Zagg EPS of -$0.15
03/06 Notable earnings after Tuesday?s close
03/06 ZAGG's Great Growth Story Suffers From Low Margins And A Troubling Acquisitio..
2016 No holiday cheer for retail stocks
Advertisement
Financials ($)
Sales 2017 472 M
EBIT 2017 37,2 M
Net income 2017 21,0 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 9,52
P/E ratio 2018 -
Capi. / Sales 2017 0,42x
Capi. / Sales 2018 -
Capitalization 199 M
More Financials
Chart ZAGG INC
Duration : Period :
Zagg Inc Technical Analysis Chart | ZAGG | US98884U1088 | 4-Traders
Full-screen chart
Technical analysis trends ZAGG INC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 8,50 $
Spread / Average Target 20%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Randall L. Hales President, Chief Executive Officer & Director
Brian Stech President
Cheryl A. Larabee Chairman
Marshall Clark Vice President-Operations
Bradley J. Holiday Chief Financial Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ZAGG INC0.00%199
SONY CORP14.43%42 588
PANASONIC CORPORATION11.85%29 260
SHARP CORPORATION48.89%17 959
LG ELECTRONICS INC.--.--%10 395
LG CORP--.--%10 380
More Results