PlayAGS is facing a class action lawsuit alleging that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) PlayAGS was experiencing challenges in its business in Oklahoma; (ii) as a result, the Company’s recurring revenue would be negatively impacted; (iii) PlayAGS was experiencing challenges in its Interactive business segment, including delays in securing regulatory approvals and relevant licenses; (iv) as a result of the foregoing, PlayAGS was reasonably likely to record a goodwill impairment; and (v) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
If you incurred a loss on AGS stocks purchased between May 3, 2018 and August 7, 2019, this lawsuit is on your behalf. The lawsuit was filed in the the United States District Court for the District of Nevada, and our firm is reaching out to investors to discuss their legal rights.
If you wish to act as a representative of the shareholders harmed by this misconduct, you may ask the court to appoint you as lead plaintiff. A lead plaintiff directs the litigation and participates in important decisions, including whether to accept a settlement for the class in the action.
You only have until August 24, 2020 to apply to be lead plaintiff. The court will then evaluate the applicants and choose a lead plaintiff. You are not required to act as a lead plaintiff in order to participate in any recovery.
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