Faruqi & Faruqi, LLP Announces the Investigation of LeapFrog Enterprises, Inc. (LF) Over the Proposed Sale of the Company to VTech Holdings Limited
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.
If you own common stock in LeapFrog and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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New York, NY 10017
Tel: (212) 983-9330
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