Rosen Law Firm Reminds JAKKS Pacific, Inc. Investors of Important Class Action
Deadline -- JAKK
NEW YORK, Aug. 23, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. reminds
purchasers of JAKKS Pacific, Inc. (Nasdaq:JAKK) common stock between July 17,
2012 and July 17, 2013, inclusive, of the important September 23, 2013 lead
plaintiff deadline in the class action filed by the firm.
To join the JAKKS class action, visit the firm's website at
http://rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan, Esq.
toll-free, at 866-767-3653; you may also email firstname.lastname@example.org or
email@example.com for information on the class action. The lawsuit filed by
the firm is pending in the U.S. District Court for the Central District of
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY
CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
According to the lawsuit, JAKKS and certain of its officers and directors
issued materially false and misleading statements about the Company's true
financial condition and prospects.On July 17, 2013, JAKKS announced its
second quarter financial results, which significantly missed the Company's
previously issued guidance that it had reaffirmed in April 2013.JAKKS' second
quarter results included charges for significant license minimum guarantee
shortfalls of $14.1 million and inventory impairment of $12.2 million.JAKKS
noted that poor performance of several of the Company's key properties
contributed to the shortfall.As a result, JAAKS revised 2013 guidance from
earnings of $0.63- $0.68/share to a loss of $2.56/share.JAKKS also suspended
its dividend.This news caused JAKKS shares to lose over 39% of its value on
July 18, 2013
If you wish to serve as lead plaintiff, you must move the Court no later than
September 23, 2013.A lead plaintiff is a representative party acting on
behalf of other class members in directing the litigation.If you wish to join
the litigation, or to discuss your rights or interests regarding this class
action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at
866-767-3653, or via e-mail at firstname.lastname@example.org.You may also visit the
firm's website at http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue, 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
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