CRUCIAL INVESTOR ALERT: Lundin Law PC Announces an Investigation of Zagg Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / January 27, 2017 / Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Zagg Inc. (“Zagg” or the “Company”) (NASDAQ: ZAGG) concerning possible violations of federal securities laws.

To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at brian@lundinlawpc.com.

The investigation concerns ZAGG’s subsidiary company, mophie inc. (“mophie”), 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, upon announcing 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 information was released to the investing public, shares of ZAGG fell 13.2%, to close at $5.90 per share on November 2, 2016, causing investors serious harm.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

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