According to the lawsuit, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that:
- IGT overstated its compliance with gaming and lottery laws and applicable regulations;
- IGT and/or one or more of its current and/or former subsidiaries engaged in illegal gambling operations;
- the foregoing conduct subjected the Company and/or its current and/or former subsidiaries to a heightened risk of litigation and significant related costs;
- the Company downplayed the full scope and severity of its financial exposure to, and/or liabilities in connection with Benson v. Double Down Interactive, LLC et al., case no. 2:18-cv-00525 (W.D. Wash.) in which the allegations include, among other things, that International Game Technology (a wholly-owned subsidiary of IGT) and DoubleDown Interactive LLC (which IGT sold to DoubleU Diamond LLC in 2017) illegally profited from tens of thousands of consumers in violation of Washington law in connection with their operation of DoubleDown Casino; and
- as a result, the Company’s public statements were materially false and misleading at all relevant times.
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.
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