NEW YORK, Jan. 30, 2015 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of all persons or entities that purchased the common stock of LeapFrog Enterprises, Inc. ("LeapFrog" or the "Company") (NYSE:LF) securities between March 5, 2014 and January 22, 2015, inclusive ("Class Period"). We encourage investors with significant losses to contact us immediately at (800) 575-0735 or email classmember@whafh.com.

The complaint alleges that defendants failed to disclose that the Company was experiencing a decline in consumer demand, that retailers were overstocked with the Company's LeapPad products and that the Company's new LeapTV video game system launch and shipment was delayed by developmental issues.

On January 22, 2015, LeapFrog announced its preliminary financial results for the third quarter of 2014 that were significantly below the Company's stated expectations and financial guidance. As a result, the Company's stock dropped by almost 35%, closing at $2.55 on January 23, 2015, a loss of $1.45 per share.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has over 70 attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com. All e-mail correspondence should make reference to the "LeapFrog investigation."

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CONTACT: Wolf Haldenstein Adler Freeman & Herz LLP
         Patrick Donovan or Gregory Stone
         Email: donovan@whafh.com,
         gstone@whafh.com or classmember@whafh.com
         Tel: (800) 575-0735 or (212) 545-4774