NEW YORK, Jan. 28, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of LeapFrog Enterprises, Inc. ("LeapFrog" or the "Company") (NYSE: LF), concerning whether the board has breached its fiduciary duties to shareholders.
On January 22, 2015, the Company disclosed preliminary financial results for the third fiscal quarter of 2014. The results were significantly below guidance and were related to decreased demand for its products and development issues. On this news, LeapFrog stock declined nearly 35%
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own LeapFrog shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP