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.
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