Oct. 25, 2012
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
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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.
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Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC of
on behalf of investors who acquired ZAGG, Inc. (Nasdaq: ZAGG) securities between
February 28, 2012
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.
December 21, 2011
, Pedersen sold nearly
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.
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. 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
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.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
30 Broad Street - 24th Floor
New York, NY
10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP