PLAYSTUDIOS, Inc. f/k/a Acies Acquisition Corp.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of investors of PLAYSTUDIOS, Inc. f/k/a Acies Acquisition Corp. (NASDAQ: MYPS, MYPSW, ACAC) who: (1) purchased, or otherwise acquired the securities of PLAYSTUDIOS between June 22, 2021 and March 1, 2022, both dates inclusive, including, but not limited to, those who purchased or acquired PLAYSTUDIOS securities pursuant to the PIPE offering; (2) held common stock of Acies as of May 25, 2021, and were eligible to vote at Acies’ June 16, 2021 special meeting; and/or (3) purchased or otherwise acquired PLAYSTUDIOS common stock pursuant to or traceable to the Acies’ Registration Statement and Proxy Statement issued in connection with the June 2021 Merger (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 6, 2022.

If you purchased PLAYSTUDIOS securities during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:June 22, 2021 and March 1, 2022
If you purchased PLAYSTUDIOS securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • PLAYSTUDIOS was having significant problems with its flagship game, Kingdom Boss;
  • PLAYSTUDIOS would not be releasing Kingdom Boss as expected;
  • PLAYSTUDIOS had not revised its financial projections to account for the problems it had encountered with Kingdom Boss; and
  • as a result, defendants’ statements about PLAYSTUDIOS’ business, operations, and prospects lacked a reasonable basis

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: PLAYSTUDIOS, Inc. f/k/a Acies Acquisition Corp.
Stock Symbol: MYPS
Class Period: June 22, 2021 and March 1, 2022
Court: United States District Court for the Northern District of California

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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