JAKKS Pacific Shareholder Alert: Levi & Korsinsky, LLP Announces Class Action Against JAKKS Pacific, Inc. and Its Board of

JAKKS Pacific Shareholder Alert: Levi & Korsinsky, LLP Announces Class Action
 Against JAKKS Pacific, Inc. and Its Board of Directors and a Lead Plaintiff
                        Deadline of September 23, 2013

PR Newswire

NEW YORK, Aug. 22, 2013

NEW YORK, Aug. 22, 2013 /PRNewswire/ --Levi & Korsinsky announces that a
class action lawsuit has been commenced in the United States District Court
for the Central District of California on behalf of investors who purchased
JAKKS Pacific, Inc. ("JAKKS" or the "Company") (Nasdaq: JAKK) common stock
during the period between February 21, 2013 and July 17, 2013.

(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO )

Click here to learn more about the investigation
http://zlk.9nl.com/jakks-pacific-jakk/, or call: 877-363-5972. There is no
cost or obligation to you.

The complaint alleges that the Company issued false and misleading statements
about the Company's financial condition and prospects. On July 17, 2013, the
Company announced its second quarter financial results, which was
significantly lower than the previously issued guidance, a guidance that was
confirmed as recently as April 2013. The Company's second quarter results
included charges for license minimum guarantee shortfalls of $14.1 million and
inventory impairment of $12.2 million. The Company stated poor performance of
several key properties that contributed to the shortfall. Consequently, the
Company revised 2013 guidance from earnings of $0.63-$0.68/share to a loss of
$2.56/share, and also suspended its dividend. As result of this, the Company's
shares dropped over 39% to its value on July 18, 2013.

Shareholders of JAKKS have until September 23, 2013  to seek appointment as
lead plaintiff. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff. To obtain additional information, contact
Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/jakks-pacific-jakk/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP

Website: http://www.zlk.com
 
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