SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces Investigation of Spartech Corporation (SEH) and Molex Incorporated (MOLX) and Class Action Against ZAGG, Inc. (ZAGG)
NEW YORK, Oct. 25, 2012 /PRNewswire/ --
Levi & Korsinsky is investigating the Board of Directors of Spartech Corporation (NYSE: SEH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to PolyOne Corporation (NYSE: POL) for cash and stock representing an approximate value of $8.00 per share.
Click here to learn more about the investigation: http://zlk.9nl.com/spartech-seh.
Levi & Korsinsky, LLP is investigating Molex Incorporated (NasdaqGS: MOLX), and its Board of Directors, in connection with the compensation provided to certain of its executive officers.
To get more information, click here: http://zlk.9nl.com/molex-incorporated-molx.
Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC of Utah on behalf of investors who acquired ZAGG, Inc. (Nasdaq: ZAGG) securities between February 28, 2012 and August 17, 2012. The complaint alleges that ZAGG made misleading statements and/or failed to disclose that: (a) the Company's founder and CEO, Robert G. Pedersen , had placed more than 50% of his ZAGG ownership as collateral on margin, jeopardizing his future with the Company; (b) as a result, the Company began a secret succession plan to replace him; and (c) as a result of the aforementioned, the Company's financial statements were materially false and misleading at all relevant times.
On December 21, 2011, Pedersen sold nearly $2.6 million worth of ZAGG stock. Then on August 17, 2012, it was announced that Pedersen had resigned. It was further disclosed that Pedersen sold 515,000 shares of ZAGG stock only three days prior, and that a substantial number of these shares were sold to meet margin calls.
For more information, click here: http://zlk.9nl.com/zagg-inc-zagg. You have until November 5, 2012 to request that the Court appoint you as lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP
More by this Source
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of SoundBite Communications, Inc. in Connection with the Sale of the Company to Genesys
May 23, 2013, 10:14 ET
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Websense, Inc. in Connection with the Sale of the Company to Vista Equity Partners
May 22, 2013, 10:41 ET
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Theragenics Corporation in Connection with a Going Private Proposal
May 21, 2013, 10:33 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.