NEW YORK, Jan. 26, 2015 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of LeapFrog Enterprises Inc. ("LeapFrog" or the "Company") (NYSE: LF -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation concerns whether LeapFrog and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
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, shares of LeapFrog fell $1.35 per share, or over 34.61%, to close at $2.55 per share on January 23, 2015.
If you are aware of any facts relating to this investigation, or purchased shares of LeapFrog, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC