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Kaplan Fox & Kilsheimer LLP Continues to Investigate Light & Wonder for Possible Securities Law Violations
CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION
If you are an L&W investor and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing jcampisi@kaplanfox.com or by calling (212) 329-8571.
The Company purports to be a “cross-platform global games company.” On September 23, 2024, after the market closed, the Company issued a press release titled “Light & Wonder Statement on Dragon Train Litigation,” in which it disclosed it “received an order from the U.S. District Court for the District of Nevada granting Aristocrat a preliminary injunction relating to L&W’s Dragon Train game.”
Judge Novarro’s September 20, 2024 order found that Aristocrat “is extremely likely to succeed in demonstrating L&W misappropriated Aristocrat’s trade secrets in its development of Dragon Train.”
Following this news, the price of L&W stock fell $21.97 per share, nearly 20%, to close at $90.71 per share on September 24, 2024.
WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
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If you have any questions about this investigation, please contact:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York10022
(212) 329-8571
jcampisi@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
View the original release on www.newmediawire.com
COMTEX_461375531/2549/2024-12-30T15:06:26