NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Light & Wonder, Inc. (“L&W” or the “Company”) (NASDAQ:LNW) on behalf of L&W stockholders. Our investigation concerns whether L&W has violated the federal securities laws and/or engaged in other unlawful business practices.
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In February 2024, Aristocrat Technologies ("Aristocrat") sued L&W in the U.S. District Court for the District of Nevada, alleging that L&W's "Dragon Train" series of slot machines bears similarities to Aristocrat's own "Dragon Link" series and questioning the role of two former Aristocrat designers in developing "Dragon Train". On September 23, 2024, the court entered an order enjoining L&W from "any continued or planned sale, leasing, or other commercialization of Dragon Train", finding a high likelihood that Aristocrat would prevail on the merits of its lawsuit. On this news, L&W's stock price fell $21.97 per share, or 19.5%, to close at $90.71 per share on September 24, 2024.
If you purchased or otherwise acquired L&W shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
