Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 07/25 10:00:00 pm
6.55 USD   -4.80%
07/19 TUESDAY SECTOR : Food, Computer Peripherals
07/19 ZAGG TO HOST SE : 00 pm edt
06/16 ZAGG Announces Accelerated Consolidation of ZAGG and mophie, Adju..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 kip@shumanlawfirm.com or email Mr. Glenn at rusty@shumanlawfirm.com.

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
kip@shumanlawfirm.com
or
Rusty E. Glenn, Esq., 866-974-8626
rusty@shumanlawfirm.com
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
07/19 ZAGG INC : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Fina..
07/19 TUESDAY SECTOR LEADERS : Food, Computer Peripherals
07/19 ZAGG TO HOST SECOND QUARTER 2016 EAR : 00 pm edt
06/20 ZAGG INC : Change in Directors or Principal Officers, Regulation FD Disclosure, ..
06/16 ZAGG Announces Accelerated Consolidation of ZAGG and mophie, Adjusts Leadersh..
06/14 ZAGG INC : Material Modification to Rights of Security Holders, Submission of Ma..
06/14 mophie Leads Market Share in Two Mobile Power Categories Through First Quarte..
06/09 ZAGG : Hits Record High in Screen Protection Market Share of 51%
06/08 ZAGG Hits Record High in Screen Protection Market Share of 51%
05/11 ZAGG : reports 1Q loss
More news
Sector news : Household Electronics - NEC
07/25DJTesla Accelerates Work on Battery 'Gigafactory'
07/22DJPoké mon Go' Catches On in Japan
07/21DJAdvanced Micro Devices Swings to a Profit
07/21DJSAMSUNG ELECTRONICS : China Urges U.S. to Hear Opinions in Anti-Dumping Duties o..
07/20DJU.S. to Charge Duties on Some LG, Samsung Washing Machines
More sector news : Household Electronics - NEC
News from SeekingAlpha
07/21 PREMARKET GAINERS / LOSERS AS OF 9 : 10 am
07/11 Other Ways To Win With Pokemon Go
06/08 ZAGG's screen protection market share at record high of 51%
05/19 Zagg higher after CFO picks up shares
05/16 Midday Gainers / Losers
Advertisement
Financials ($)
Sales 2016 457 M
EBIT 2016 24,9 M
Net income 2016 13,2 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 14,45
P/E ratio 2017 10,04
Capi. / Sales 2016 0,42x
Capi. / Sales 2017 0,38x
Capitalization 193 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
TrendsBullishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 10,7 $
Spread / Average Target 56%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Randall L. Hales President, Chief Executive Officer & Director
Cheryl A. Larabee Chairman
Bradley J. Holiday Chief Financial Officer
Daniel R. Maurer Independent Director
E. Todd Heiner Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ZAGG INC-40.13%193
SONY CORP6.83%37 989
PANASONIC CORPORATION-16.03%23 797
LG CORP--.--%9 860
LG ELECTRONICS INC.--.--%8 061
TCL CORPORATION--.--%6 429
More Results