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The Law Firm of Levi & Korsinsky, LLP Announces Investigation of JAKKS Pacific, Inc.

^{Published on 2011-09-15 14:38:51 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky, LLP is investigating JAKKS Pacific, Inc. (aJAKKSa or the aCompanya) (NASDAQ: JAKK), and its Board of Directors, for possible breaches of fiduciary duty in connection with the merger proposal from Oaktree Capital Management, L.P. Under the terms of the proposal, JAKKS stockholders will receive $20.00 in cash for each share of JAKKS common stock held. The offer is a 25 percent premium to the prior closing price of JAKKS stock.

For more information, click here: [ http://zlk.9nl.com/JAKKS-Pacific ].

The investigation concerns whether the board of directors of the Company is undertaking a fair process to obtain fair consideration for all stockholders of JAKKS. According to news reports, Oaktree said it has attempted to engage in conversations with JAKKS since March but has been "repeatedly rebuffed" and that it is willing to increase its offering price under certain circumstances.

If you own common stock in JAKKS and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at [ ek@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/jakks-pacific-jakk.html ].

Levi & Korsinsky has expertise in protecting shareholdersa™ rights and prosecuting investor securities litigation. The attorneys at Levi & Korsinsky have extensive experience in litigating actions on behalf of shareholders victimized by financial fraud and represent investors throughout the nation. Levi & Korsinsky has been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities fraud cases. For more information, please feel free to contact any of the attorneys listed below.

Attorney advertising. Please be aware that prior results never guarantee similar future outcomes.