SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces
Investigation of Spartech Corporation (SEH) and Molex Incorporated
(MOLX) and Class Action Against ZAGG, Inc. (ZAGG)
NEW YORK, Oct. 25, 2012 /PRNewswire/ --
(Logo:
http://photos.prnewswire.com/prnh/20120409/MM84375LOGO)
Spartech Corporation
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 $8.00 per
share.
Click here to learn more about the investigation:
http://zlk.9nl.com/spartech-seh.
Molex Incorporated
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.
To get more information, click here:
http://zlk.9nl.com/molex-incorporated-molx.
ZAGG, Inc.
Levi & Korsinsky announces that a class
action lawsuit has been commenced in the USDC of Utah on behalf of investors who acquired ZAGG,
Inc. (Nasdaq: ZAGG) securities between February 28, 2012 and 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.
On December 21, 2011, Pedersen
sold nearly $2.6 million 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.
For more information, click here:
http://zlk.9nl.com/zagg-inc-zagg. 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
New York 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) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP