Concept became reality when, In 1982, computers became common enough for Allen Stoltzfus, his brother, and brother-in-law to create the computerized language immersion programs known as Rosetta Stone. The company currently offers 31 different language systems.
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| theepochtimes.com |
The program allows users to learn a new language as they learned their native language. The technology became an excellent tool for travelers, both of business and pleasure, wanting to communicate with the native people they met while traveling.
For such a straight forward language tool, they sure have been cropping up in the news lately for many different reasons.
It started March 23rd.
The same day brought an additional announcement for the company. The software was going to be offered internationally; however, the success of this endeavor is pretty up in the air according to the MSNBCarticle by Ed Salwin of the Motley Fool.
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| 3.bp.blogspot.com |
It all sounds great, people of the world learning to communicate together and Japanese being taught to help victims of natural disasters. This was all wonderful news as far as I was concerned until red flags started going up on March 27 and 29. Class action lawsuits are being held against Rosetta Stone.
Izard Nobel LLP is a law firm representing the investors of Rosetta Stone. In a press release issued by Izard Noble, the situation is such: “Rosetta Stone and certain of its officers and directors violated federal securities laws.”
I’ll admit that I know little about law, and am often baffled by law terminology, but through the Izard Nobel press release the Case Complaint is available to the public, page 16 outlines Rosetta Stone’s biggest problem
During the Class Period, Defendants materially misled the investigating public, thereby inflating the price of Rosetta Stone common stock, by publicly issuing false and misleading statements and omitting to disclose material facts necessary to make Defendant’s statements, as set forth herein, not false and misleading. Said statements and omissions were materially false and misleading in that they failed to disclose material adverse information and misrepresented the truth about the Company, its business and operations, as alleged herein.
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| Mike Flanagan, Cartoonstock.com |
This essentially means, the people in charge are being investigated to see if they were honest about their financial situation during the most recent purchase period for stock.
It’s still up in the air for what will happen to the popular language learning software, but I thoroughly hope that these negative recent events will not prevent people from learning a new language and exploring someplace new.





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Cole Nesgoda