BALA CYNWYD, Pa., Feb. 5, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of LeapFrog
Enterprises, Inc. ("LeapFrog" or "the Company") (NYSE- LF-News) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to VTech Holdings
Limited. ("VTech").
Click here to learn more about the investigation
http://brodsky-smith.com/1035-lf-leapfrog-enterprises-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, LeapFrog shareholders will
receive only $1.00 in cash for each
share of LeapFrog stock they own. The investigation concerns
whether the Board of LeapFrog breached their fiduciary duties
to shareholders and whether VTech is underpaying for the Company.
The transaction may undervalue the Company and would result in a
loss for many LeapFrog shareholders. For example, LeapFrog stock
traded at $2.66 per share as recently
as March 6, 2015 and traded at
$7.74 per share on July 21, 2014. In addition, an analyst has set a
$3.50 per share price target for
LeapFrog stock.
If you own shares of LeapFrog and wish to discuss the legal
ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1035-lf-leapfrog-enterprises-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC