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IN RE ZAGG INC. SHAREHOLDER DERIVATIVE ACTION

No. 15-4001.

826 F.3d 1222 (2016)

IN RE: ZAGG INC. SHAREHOLDER DERIVATIVE ACTION. Albert Pikk; Daniel L. Rosenberg, derivatively and on behalf of ZAGG Inc., Plaintiffs-Appellants, v. Robert G. Pedersen, II; Edward Ekstrom; Randall Hales; Brandon T. O'Brien; Cheryl A. Larabee, Defendants-Appellees, and ZAGG Inc., Nominal Defendant-Appellee.

United States Court of Appeals, Tenth Circuit.

June 20, 2016.

Attorney(s) appearing for the Case

Albert Y. Chang , Bottini & Bottini, Inc., La Jolla, California ( David W. Scofield , Peters Scofield, PC, Sandy, Utah, Francis A. Bottini, Jr. , Yury A. Kolesnikov , Bottini & Bottini, Inc., with him on the briefs) for Plaintiffs-Appellants.

Steven M. Schatz , Wilson Sonsini Goodrich & Rosati PC, Palo Alto, California ( David J. Berger , Naira Der Kiureghian , and Anne J. Veldhuis , Wilson Sonsini Goodrich & Rosati PC, Palo Alto, California, Gideon A. Schor , Wilson Sonsini Goodrich & Rosati PC, New York, New York, Kevin N. Anderson and Artemis D. Vamianakis , Fabian & Clendenin, Salt Lake City, Utah, Brent R. Baker , D. Loren Washburn , Jennifer A. James , Aaron D. Lebenta , and Shannon K. Zollinger , Clyde Snow & Sessions, P.C., with him on the briefs) for Defendants-Appellees.

Before HARTZ, BACHARACH, and PHILLIPS, Circuit Judges.

Plaintiffs, shareholders of ZAGG Inc., a publicly held Nevada corporation, filed a shareholder-derivative action seeking damages, restitution, and other relief for ZAGG. They alleged that past and present officers and directors of ZAGG violated § 14(a) of the Securities Exchange Act of 1934, breached their fiduciary duties...

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