IRVINE, Calif.--(EON: Enhanced Online News)--Khang & Khang LLP (the “Firm”) announces that it is investigating claims against Zagg Inc. (“Zagg” or the “Company”) (Nasdaq: ZAGG) concerning possible violations of federal securities laws.
“related to disputes in acquisition-date value of working capital.”
If you purchased shares of Zagg and want more information free of charge, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at email@example.com.
The purpose of the investigation is to determine if Zagg’s subsidiary company, mophie inc. (“mophie”) exaggerated inventory and sales return reserves in violation of Generally Accepted Accounting Principles; and, if Zagg exaggerated mophie’s working capital during the Class Period.
When releasing third quarter 2016 financial results, Zagg 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%, causing investors harm.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
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