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LeapFrog Agrees To $5.5M Deal In Securities Litigation

Law360 (February 26, 2018, 8:17 PM EST) -- LeapFrog Enterprises Inc. agreed to pay $5.5 million to end a proposed investor class action alleging the children’s educational game maker hid demand and inventory problems that later led to losses for investors, according to a proposed settlement filed Friday in California federal court.

Investors had alleged that LeapFrog and its CEO and chief financial officer had painted a rosier-than-warranted picture of the company’s earnings expectations and other financial matters, court records show.

The settlement is a good deal for the investors because they would have...
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Case Information

Case Title

In Re: LeapFrog Enterprise, Inc. Securities Litigation


Case Number

3:15-cv-00347

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

Edward M. Chen

Date Filed

January 23, 2015

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