NEW YORK, Dec. 29, 2016 /PRNewswire/ -- Rosen Law Firm, a
global investor rights law firm, announces it is continuing to
investigate potential securities claims on behalf of shareholders
of ZAGG Inc (NASDAQ: ZAGG) resulting from allegations that ZAGG may
have issued materially misleading business information to the
investing public.
On November 1, 2016, ZAGG
announced its third quarter 2016 financial results during
aftermarket hours and revealed that it recorded a non-cash net
impairment charge of $24.3 million
related to disputes with former mophie inc. shareholders over the
acquisition date value of mophie's working capital accounts. ZAGG
recorded the charge during third quarter 2016 due to the changes in
working capital after the issuance of the 2015 mophie audit on
May 17, 2016 and former mophie
shareholders disputing any changes to the preliminary working
capital accounts. On this news, shares of ZAGG fell $0.90 per share or over 13.2% from its previous
closing price to close at $5.90 per
share on November 2, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover
losses suffered by ZAGG investors. If you purchased shares of ZAGG
please visit the firm's website at
http://www.rosenlegal.com/cases-1016.html for more information. You
may also contact Phillip Kim or
Kevin Chan of Rosen Law Firm toll
free at 866-767-3653 or via email at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Follow us for updates on LinkedIn:
https://www.linkedin.com/company/the-rosen-law-firm or on Twitter:
https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a
similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A.