SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of LeapFrog Enterprises Inc. of PENDENCY OF CLASS ACTION Lawsui...
March 23 2015 - 4:09PM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE
ACQUIRED COMMON STOCK OF LEAPFROG ENTERPRISES, INC. (NYSE:LF)
BETWEEN MARCH 5, 2014 AND JANUARY 22,
2015.
YOU ARE HEREBY NOTIFIED that a securities class action
lawsuit has been commenced in the United States District Court for
the Northern District of California. If you purchased or otherwise
acquired LeapFrog Enterprises common stock between March 5, 2014
and January 22, 2015, YOUR RIGHTS MAY BE AFFECTED BY THIS
ACTION.
To get more information, click here:
http://zlk.9nl.com/lf-infosheet. There is no cost or
obligation to you.
The complaint alleges that defendants failed to disclose
that the Company was experiencing a decline in consumer
demand, that retailers were overstocked with the
Company's LeapPad products and that the Company's new LeapTV
video game system launch and shipment was delayed by
developmental issues. On January 22, 2015, LeapFrog announced
its preliminary financial results for the third quarter of 2014
that were significantly below the Company’s stated
expectations and financial guidance. As a result, the Company’s
stock dropped by almost 35%.
If you suffered a loss in LeapFrog Enterprises you have until
March 24, 2015 to request that the
Court appoint you as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/lf-infosheet.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPEduard Korsinsky, Esq.Tel: (212)
363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510www.zlk.com
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