#USA #New York #Rosen Law #Light & Wonder #securities claims

Investigating Investor Rights: Light & Wonder, Inc.

Overview of the Situation

The Rosen Law Firm, recognized for its dedication to investor rights, is actively investigating potential securities class action claims involving shareholders of Light & Wonder, Inc. (NASDAQ: LNW). This inquiry arises in the wake of serious allegations that the company may have disseminated materially misleading information to the market, impacting its stock performance significantly.

On September 24, 2024, a pivotal report from the Las Vegas Review-Journal revealed that Aristocrat Technologies Inc. had secured a preliminary injunction against Light & Wonder in a trade-secret and copyright infringement case. This legal ruling barred Light & Wonder from selling, leasing, or promoting its game 'Dragon Train,' which is tied to claimed proprietary technologies developed for Aristocrat's own popular games. Following this troubling news, Light & Wonder witnessed a dramatic 19.49% decline in its stock price on the same day.

The Role of Rosen Law Firm

The firm is preparing a class action aimed at recovering losses for affected investors. Shareholders who purchased securities of Light & Wonder are encouraged to participate in this action, which operates on a contingency fee basis—meaning investors incur no out-of-pocket costs for seeking compensation. Phil Kim, a partner at Rosen Law Firm, has been proactive in reaching out to potential class members to ensure they are informed about their rights and options moving forward.

Why Choose Rosen Law Firm?

Selecting the right legal counsel is crucial when navigating the complexities of securities litigation. The Rosen Law Firm boasts a remarkable track record, having achieved the largest settlement in a securities class action against a Chinese company at its time. It has consistently ranked highly in terms of settlements since 2013 and has successfully recovered hundreds of millions for investors in various cases. This reputation underlines the firm's capability and resources, setting it apart from other entities that may simply issue notices without substantial litigation experience.

How to Get Involved

Investors of Light & Wonder who wish to join the class action can easily do so by visiting Rosen Law Firm’s Submission Page or by reaching out via phone at 866-767-3653. There is an emphasis on prompt action, as participation may lead to crucial recovery of losses suffered due to the stock's downturn.

The firm's focus not only lies in reaction but also in empowering shareholders with knowledge. Regular updates are shared through their active social media channels including LinkedIn, Twitter, and Facebook.

Conclusion

For investors in Light & Wonder, now is a crucial moment to assess their rights and consider legal action. The investigation by Rosen Law Firm provides a beacon of hope for recovering substantial financial losses attributed to recent market developments. Transparency and quick legal recourse can make a significant difference in the outcomes for affected shareholders, aligning support for those invested in the future of Light & Wonder, Inc.