Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating
potential violations of the federal securities laws by LeapFrog
Enterprises, Inc. (NYSE: LF) and certain of its officers. LeapFrog
designs, develops and markets technology-based learning products and
related proprietary content for children worldwide.
Specifically, Johnson & Weaver’s investigation seeks to determine
whether certain statements regarding LeapFrog’s business and prospects
were false and misleading when made. On January 23, 2015, LeapFrog
announced disappointing preliminary revenue results for the quarter
ended December 31, 2014. Revenue for the third quarter of 2014 is
expected to be approximately $145 million, compared to prior guidance of
$220 million to $240 million. Third quarter 2014 net loss per share is
expected to be approximately $1.77, compared to prior guidance of net
income per diluted share to be in the range of $0.16 to $0.28. On the
news, LeapFrog shares plummeted more than 34% in early morning trading
on January 23, 2015.
If you are a LeapFrog shareholder and are interested in learning more
about the investigation or your legal rights and remedies, please
contact Jim Baker (jimb@johnsonandweaver.com)
at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California, New York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more information
about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
Copyright Business Wire 2015