In re LeapFrog Enterprise, Inc. Securities Litigation

*991ORDER GRANTING DEFENDANTS’ MOTION TO DISMISS

EDWARD M. CHEN, United States District Judge

I. INTRODUCTION

Plaintiffs have filed a class action against LeapFrog Enterprises Inc., and two of its officers, John Barbour (“Barbour”) and Raymond L. Arthur (“Arthur”), for violations of federal securities laws. Defendants’ motion to dismiss Plaintiffs’ First Amended Consolidated Class Action Complaint (“FAC”) focuses on the alleged*992ly false and misleading statements about LeapFrog’s inventory, the. roll out of LeapTV, LeapFrog’s financial guidance, and accounting. For the reasons stated below, the Court…