TRADING ALERT: Rosen Law Firm Reminds LeapFrog Enterprises, Inc. Investors of Important March 24, 2015 Deadline in Class Action
March 13 2015 - 2:36PM
Business Wire
Rosen Law Firm, a global investor rights firm, reminds
purchasers of LeapFrog Enterprises, Inc. stock (NYSE:LF) between
March 5, 2014 and January 22, 2015 of the important March 24, 2015
lead plaintiff deadline in the class action.
To join the LeapFrog class action, go to the website at
http://www.rosenlegal.com/cases-485.html or call Phillip Kim, Esq.
or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit alleges that LeapFrog made false and/or misleading
statements and/or failed to disclose that: (1) it was experiencing
a decline in consumer demand; (2) the launch and shipment of the
new LeapTV video game system were delayed by developmental issues;
(3) retailers were overstocked with LeapFrog’s LeapPad products;
(4) as a result, the Company lacked a reasonable basis for its
financial guidance; and (5) as a result, the Company’s statements
were materially false and misleading at all relevant times.
On January 22, 2015, after market close, LeapFrog announced
disappointing preliminary results for the quarter ended December
31, 2014. LeapFrog also announced a $107 million write-down of
goodwill and deferred tax assets. The Company attributed the sales
shortfall in part to delays in shipping and promoting LeapTV-- an
educational video game system. On this news, shares of LeapFrog
fell sharply during intraday trading on
If you wish to join the litigation go
http://www.rosenlegal.com/cases-485.html or to discuss your rights
or interests regarding this class action, please contact, Phillip
Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at
866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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