INVESTOR ALERT: Goldberg Law PC Announces an Investigation of ZAGG Inc. and Advises Investors with Losses to Contact the Firm
December 29 2016 - 1:05PM
Business Wire
Goldberg Law PC, a national shareholder rights litigation firm,
announces that it is investigating ZAGG Inc. (“ZAGG” or the
“Company”) (Nasdaq: ZAGG) concerning possible violations of federal
securities laws.
If you purchased or otherwise acquired ZAGG shares and would
like more information regarding the investigation, we advise you to
contact Michael Goldberg or Brian Schall, of
Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles,
CA 90067, at 800-977-7401, to discuss your rights without cost to
you. You can also reach us through the firm’s website
at http://www.Goldberglawpc.com, or by email
at info@goldberglawpc.com.
The purpose of the investigation is to determine if ZAGG’s
subsidiary company, mophie inc. (“mophie”), was falsifying
inventory and sales return reserves in violation of Generally
Accepted Accounting Principles; and, if ZAGG falsified mophie’s
working capital during the Class Period.
On November 1, 2016, when releasing its 2016 third quarter
financial results, the Company reported a non-cash net mophie
impairment charge of $24.3 million “related to disputes in
acquisition-date value of working capital.”
When this news was disclosed to the public, shares of ZAGG fell
13.2%, to close at $5.90 per share on November 2, 2016, causing
investors harm.
If you have any questions concerning your legal rights, please
immediately contact Goldberg Law PC at 800-977-7401, or visit our
website at http://www.Goldberglawpc.com, or email us
at info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161229005262/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comhttp://www.Goldberglawpc.com
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