NEW YORK, Aug. 21, 2012 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Zagg, Inc. ("Zagg" or the "Company") (NasdaqGS: ZAGG), concerning potential violations of federal securities laws.
On August 20, 2012, shares of Zagg plunged 13.3% to close at $7.30 after the company's CEO and co-founder, Robert Pedersen, stepped down three days after he sold shares to meet margin calls. Pedersen, Zagg's CEO of six years, sold off 515,000 common shares at an average price of $8.22 on Aug. 14, according to a regulatory filing. The practice of top executives borrowing against their equity stakes has been criticized by regulators.
If you are aware of any facts relating to this investigation, or purchased shares of Zagg, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC