Glancy
Binkow & Goldberg LLP is investigating possible violations of
federal securities laws by officers and directors of LeapFrog
Enterprises Inc. (“LeapFrog” or the “Company”) (NYSE: LF).
Please contact Lesley
Portnoy or Casey
Sadler at (310) 201-9150, or at shareholders@glancylaw.com
to discuss this matter. If you inquire by email, please include your
mailing address, telephone number and number of shares purchased.
On January 22, 2015, after the close of the market, LeapFrog announced
very disappointing third quarter results with sales that fell
significantly below expectations. The Company also announced a $107
million write-down of goodwill and deferred tax assets. LeapFrog blamed
the slowdown in sales on weaker-than-expected children's tablet sales,
delays in shipping the LeapTV video game system, lower
cartridge/accessories demand, lower-than-expected LeapReader sales. On
this news, LeapFrog opened for trading on January 23, 2015 down over
$1.23 per share or 30% on volume of over 8 million shares.
This investigation concerns, among other things, whether LeapFrog
previously misled investors concerning the timing of the shipment and
promotion of its various products.
If you purchased LeapFrog shares, if you have information, or would like
to learn
more, or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Lesley
Portnoy, Esquire, or Casey
Sadler, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067, Toll Free at (888)
773-9224, by e-mail to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
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jurisdictions under the applicable law and ethical rules.
Copyright Business Wire 2015