#Playtika Holding #Scott G. Kormos #Andrews Springer

Proposed Settlement for Playtika Stockholder Class Action

Andrews & Springer LLC has recently made an announcement regarding a significant development in a class action lawsuit involving Playtika Holding Corp. The legal case revolves around stockholder rights and seeks to address grievances raised by shareholders against the company. After extensive negotiations, a proposed settlement amounting to $24.75 million has been put forth, aiming to satisfy the claims of affected stockholders.

Background of the Class Action Case

The class action was initiated by plaintiffs Scott G. Kormos and Jordan Klein, representing all similarly situated stockholders of Playtika Holding Corp. This lawsuit was filed in the Court of Chancery in Delaware, with the purpose of addressing concerns regarding certain actions taken by Playtika. The plaintiffs assert that they, along with other shareholders, may have been negatively impacted and are seeking relief via this judicial process.

Details of the Proposed Settlement

Under the terms of the proposed settlement, subject to court approval, Playtika Holding Corp. and its subsidiary, Playtika Holding UK II Ltd., will pay $24.75 million in cash. This settlement resolves all claims made in the class action against the defendants. The precise terms and provisions for the settlement are detailed in an official Stipulation, which is accessible to interested parties at Playtika Securities Settlement.

Upcoming Hearing

A crucial public hearing regarding the proposed settlement is scheduled for January 21, 2026, at 1:30 PM EST. The hearing will be presided over by Vice Chancellor Bonnie W. David and will be conducted either in-person at the Court of Chancery in Delaware or through a remote Zoom session, contingent upon the Court’s discretion. This session aims to address various aspects, including:
1. Final certification of the class for settlement purposes.
2. Evaluation of whether the plaintiffs and their counsel have adequately represented the interests of the class.
3. Consideration of the fairness and adequacy of the proposed settlement for all class members.
4. A review of the proposed Plan of Allocation for distributing the settlement funds.
5. Rulings on any filed objections concerning the settlement.

Impact on Class Members

All record holders and beneficial owners of Playtika’s common stock, specifically the shares held as of October 3, 2022, are identified as