NEW YORK – (NewMediaWire) – December 31, 2024 – Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Light & Wonder, Inc. (L&W or the Company) (NASDAQ: LNW).
Click here for more information about this investigation
If you are an investor in L&W and have suffered losses, you can click here to contact us. You can also contact Kaplan Fox by email at jcampisi@kaplanfox.com or by calling (212) 329-8571.
The company claims to be a global multi-platform gaming company. On September 23, 2024, after the market closed, the company issued a press release titled Light & Wonder Statement Regarding the Dragon Train Litigation, disclosing that it had received an order from the US District Court for the District of Nevada granting Aristocrat a preliminary injunction. Related to the L&Ws Dragon Train game.
Judge Novaros' September 20, 2024 order found that it was highly likely that Aristocrat would succeed in showing Aristocrat trade secrets that L&W misappropriated in its development of Dragon Train.
Following this news, L&W's stock price 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 focused on complex litigation with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. With more than 50 years of experience in securities matters, Kaplan Fox offers the professional expertise and track record that clients demand. Prosecuting cases at the federal and state levels, Kaplan Fox has successfully shaped the law by winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you can visit our website at www.kaplanfox.com.
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If you have any questions about this investigation, please contact:
Jeffrey B. Campisi
Kaplan Fox & Kilsheimer LLP
800 Third Avenue, 38th floor
New York, NY 10022
(212) 329-8571
jcampisi@kaplanfox.com
Lawrence D. King
Kaplan Fox & Kilsheimer LLP
1999 Harrison Street, Suite 1560
Oakland, CA 94612
(415) 772-4704
lking@kaplanfox.com
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