NEW YORK, Aug. 2, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at JAKKS Pacific, Inc. The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) the shift in children's preferences toward electronic games were having a detrimental impact on demand for the Company's more traditional toys; and (2) JAKKS' poor toy sales were having a heavy negative impact on the Company's licensed toy properties. After market close on July 17, 2013, JAKKS shocked the market when it slashed the Company's full-year forecast for revenues and earnings. The Company cited poor sales caused by a shift in children's playing choices in favor of electronic devices. Moreover, the Company stated that it would suspend its dividend and implement a major restructuring and downsizing plan. On this disappointing news, JAKKS shares fell $4.48 or approximately 39% percent from a close of $11.48 per share on July 17, 2013, to a close of $7.00 per share on July 18, 2013. Request more information now by clicking here: www.faruqilaw.com/JAKK. If you invested in JAKKS stock or options between July 17, 2012 and July 17, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/JAKK. Faruqi & Faruqi, LLP also encourages anyone with information regarding JAKKS' conduct to contact the firm, including whistleblowers, former employees, shareholders and others. RELATED LINKS http://www.faruqilaw.com