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  - 04/29 09:59:59 pm
8.01 USD   -0.68%
04/27 ZAGG to Host First Quarter 2016 Earnings Conference Call on Tuesd..
04/15 ZAGG : Levi & Korsinsky, LLP Announces the Commencement of an Invest..
04/14 ZAGG : Purcell Julie & Lefkowitz LLP Is Investigating ZAGG Inc for P..
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
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
React to this article
Latest news on ZAGG INC
04/27 ZAGG to Host First Quarter 2016 Earnings Conference Call on Tuesday, May 10, ..
04/15 ZAGG : Levi & Korsinsky, LLP Announces the Commencement of an Investigation Invo..
04/14 ZAGG : Purcell Julie & Lefkowitz LLP Is Investigating ZAGG Inc for Potential Bre..
03/28 ZAGG Introduces InvisibleShield Screen Protection and Mobile Keyboard Line fo..
03/08 ZAGG : misses Street 4Q forecasts
03/08 ZAGG : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS O..
03/08 ZAGG : Entry into a Material Definitive Agreement, Completion of Acquisition or ..
03/08 ZAGG Reports Record Net Sales for 2015, Announces Closing of Merger With moph..
03/08 ZAGG Presenting at the 28th Annual ROTH Conference
03/02 ZAGG : Affordable Device Fills Need for Home Phone with No Monthly Fees
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials