Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of LeapFrog
Enterprises, Inc. (“LeapFrog” or the “Company”) (NYSE:LF) for potential
breaches of fiduciary duties in connection with the sale of the Company
to VTech Holdings Limited for approximately $72 million.
The Company’s stockholders will only receive $1.00 in cash for each
share of Company common stock they own. However, the offer is below at
least one analyst target price of $3.50 per share and the 52-week high
of $2.68 per share.
Click here for more information: www.faruqilaw.com/LF.
There is no cost or obligation to you.
The investigation focuses on whether LeapFrog’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing
to conduct a fair sales process and whether and by how much this
proposed transaction undervalues the Company to the detriment of
LeapFrog’s shareholders.
Faruqi
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
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If you own common stock in LeapFrog and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/LF
or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
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