#United States #New York #Rosen Law Firm #Securities Class Action #Light & Wonder

Rosen Law Firm Investigates Securities Claims Against Light & Wonder, Inc.

On December 6, 2024, the renowned Rosen Law Firm announced its initiative to investigate shareholder claims concerning Light & Wonder, Inc. This action comes on the heels of significant allegations suggesting that the company may have disseminated substantial misrepresentations regarding its business operations. The investigation primarily concerns potential violations of securities laws that may have impacted investors adversely.

The firm, known globally for advocating for investor rights, has emphasized that individuals who purchased Light & Wonder securities are potentially eligible for compensation. Remarkably, this compensation would not incur any upfront costs for the investors; the firm operates under a contingency fee arrangement. This means that the firm receives payment only if the case is successful, thereby reinforcing its commitment to supporting investors through financially feasible means.

Background Information on Light & Wonder

The investigation was prompted by an unsettling event that took place on September 24, 2024. On that day, the Las Vegas Review-Journal published an article discussing a legal victory for Aristocrat Technologies Inc. over Light & Wonder. The ruling was a preliminary injunction against Light & Wonder, effectively prohibiting them from selling or commercializing a particular gaming product known as Dragon Train. This product allegedly infringed upon the intellectual property rights of Aristocrat’s Dragon Link and Lightning Link games.

In response to this news, the market responded dramatically, with Light & Wonder’s stock suffering a staggering decline of 19.49% on the same day. Such a substantial drop in stock price poses serious questions about the integrity of the disclosures made by Light & Wonder prior to these events.

Next Steps for Investors

For investors impacted by this situation, joining the class action could be a crucial step toward recovering losses. Rosen Law Firm has made it easy for affected shareholders to participate. Interested individuals can submit a form through their website or directly contact Phillip Kim, Esq., for further information on the class action process.

Why Choose Rosen Law Firm?

Rosen Law Firm has earned its reputation by navigating complex securities laws and has successfully led numerous class action lawsuits for investors. The firm has achieved notable recognition in the realm of securities litigation, including securing the largest-ever settlement against a Chinese company at one point in time. Their expertise is not just theoretical; it’s backed by years of success represented in hundreds of millions recovered for investors across various cases. In 2019 alone, the firm managed to secure over $438 million in settlements for its clients. Noteworthy is also the recognition of its founding partner, Laurence Rosen, as a