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Light & Wonder, Inc. (NASDAQ: LNW)

Case Details

Join The Class Action

This investigation is for anyone who acquired securities in Light & Wonder, Inc. (NASDAQ: LNW) prior to September 24, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that it developed Dragon Train on its own when, in reality, the Company misappropriated trade secrets from Aristocrat Leisure Limited in the development of the game.

On September 24, 2024, news sources reported that a Nevada District Court had granted L&W’s competitor, Aristocrat Leisure Limited (“Aristocrat”), a preliminary injunction relating to L&W’s game, Dragon Train, alleging that the Company misappropriated trade secrets in the development of the game. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Light & Wonder, Inc. (NASDAQ: LNW) prior to September 24, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.