ALERT: Rosen Law Firm Reminds JAKKS Pacific, Inc. Investors of Important Class
Action Deadline -- JAKK
NEW YORK, NY -- (Marketwired) -- 09/10/13 -- The Rosen Law Firm,
P.A. reminds purchasers of JAKKS Pacific, Inc. (NASDAQ: JAKK) common
stock between July 17, 2012 and July 17, 2013, 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 California.
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
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
had been 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 litigation.
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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