The Shuman Law Firm Investigates ZAGG Inc.

  The Shuman Law Firm Investigates ZAGG Inc.

Business Wire

BOULDER, Colo. -- March 8, 2013

The Shuman Law Firm announces that it is investigating potential claims
against certain officers and directors of ZAGG Inc. (“ZAGG” or the “Company”)
(Nasdaq: ZAGG). ZAGG designs, manufactures and distributes protective
coverings, audio accessories and power solutions for consumer electronic and
hand-held devices.

The firm’s investigation relates to allegations that Richard Pedersen, Zagg’s
founder and former CEO, used ZAGG stock as collateral on personal loans and
sold to satisfy margin calls. A class action lawsuit filed against the Company
alleges that senior ZAGG officers and/or directors became aware of Pedersen’s
pledging of ZAGG stock as collateral to meet margin calls as early as December
2011 but instead of disclosing that information, initiated a succession plan
to replace Pedersen as CEO while concealing the true reason behind Pedersen’s
departure.

On August 17, 2012, ZAGG announced that Pedersen had resigned for unspecified
reasons. However, beginning on August 20, 2012, the truth emerged that
Pedersen’s departure was “entirely related to the margin calls situation that
started last December and unfortunately surfaced again two weeks ago.” ZAGG
then disclosed that Pedersen had sold 345,000 shares of ZAGG stock on December
21, 2011 and an additional 515,000 shares on August 14, 2012 to satisfy margin
calls.

If you currently own ZAGG common stock and are interested in discussing your
rights as a shareholder, or have information relating to this investigation,
please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or
email Mr. Shuman at kip@shumanlawfirm.com or email Mr. Glenn at
rusty@shumanlawfirm.com.

The Shuman Law Firm represents investors throughout the nation, concentrating
its practice in stockholder litigation.

Contact:

The Shuman Law Firm
Kip B. Shuman, Esq., 866-974-8626
kip@shumanlawfirm.com
or
Rusty E. Glenn, Esq., 866-974-8626
rusty@shumanlawfirm.com
or
Fax: 303-484-4886
Web: www.shumanlawfirm.com
 
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