Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

Leapfrog Write-offs

A federal judge ruled Friday that while disappointing holiday sales justified Leapfrog's write-offs in the second quarter of 2013, the company hasn't offered a good enough explanation for a business forecast about-face to fully dodge a securities fraud class action.

SAN FRANCISCO - A federal judge ruled Friday that while disappointing holiday sales justified Leapfrog's write-offs in the second quarter of 2013, the company hasn't offered a good enough explanation for a business forecast about-face to fully dodge a securities fraud class action.

Categories / Courts, Securities

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...