SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

July 26, 2011 18:40 ET

Levi & Korsinsky Notifies Investors With Losses on Their Investment in Zoo Entertainment, Inc. of Class Action Lawsuit and the Lead Plaintiff Deadline

NEW YORK, NY--(Marketwire - Jul 26, 2011) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Ohio on behalf of purchasers of Zoo Entertainment, Inc. ("Zoo" or the "Company") (NASDAQ: ZOOG) common stock from May 17, 2010 through April 15, 2011 (the "Class Period").

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The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's finances. As a result of these misrepresentations, Zoo stock traded at artificially high prices. On April 15, 2011, the Company issued a press release announcing that there were "errors in recording certain transactions in the company's unaudited consolidated financial statements for each of the months ended March 31, 2010, the three and six months ended June 30, 2010 and the three and nine months ended September 30, 2010." As a result, the Company warned that investors should not longer rely on those financial statements. Upon the announcement of this news, the price of Zoo stock plummeted more than 34 percent.

If you are a member of the class and suffered a loss in Zoo stock, you have 60 days from today to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. To obtain additional information about your rights, contact Joseph Levi, Esq. either via email at or by telephone at (877) 363-5972, or visit

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 15th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171