SAN DIEGO, Oct. 19, 2022 (GLOBE NEWSWIRE) —
The class: Robbins LLP is informing investors that a shareholder has filed a class action lawsuit on behalf of all individuals and entities that have purchased shares in International Game Technologies PLC IT Securities between March 16, 2018 and August 29, 2022 for violations of the Securities Exchange Act of 1934.
What now: Shareholders in a similar situation may be eligible to participate in the class action lawsuit against IGT. Shareholders who wish to be named lead plaintiff in the class action must file by December 13, 2022. A Lead Plaintiff is a representative party acting on behalf of other Class Plaintiffs in the conduct of the litigation. You do not have to be present at the case to be eligible for a recovery. Click for more information here.
All representations are on a contingency fee basis. Shareholders pay no fees or costs.
What is it about in this case: International Game Technologies PLC (IGT) incurred non-operating expenses of $119.72 million in connection with the settlement of the litigation
According to the complaint, in June 2017, IGT completed the sale of DoubleDown Interactive LLC (“DDI”), operator of an online casino called DoubleDown Casino, to DoubleU Diamond LLC (“DoubleU”). On April 9, 2018, a putative class action lawsuit against DDI and a wholly owned subsidiary of the company named International Game Technology (“IGT Subsidiary”) named Benson was filed in federal court against Double Down Interactive, LLC et al. No. 2:18-cv-00525 (WD Washington) (the “Benson Action”). The Benson lawsuit alleges, among other things, that IGT affiliate and DDI illegally profited from tens of thousands of consumers in connection with their operation of DoubleDown Casino, in violation of Washington law.
On August 29, 2022, IGT and DDI “Announced an Agreement in Principle to Settle the Benson v. DoubleDown Interactive LLC, et. al. and related proceedings (the ‘Benson Matters’)”. The press release states that according to the settlement, “[a] $415 million total…
