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Light & Wonder(LNW) - 2024 Q3 - Quarterly Report
2024-11-12 21:36
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-11693 LIGHT & WONDER, INC. (Exact name of registrant as specified in its charter) Nevada 81-0422894 (State or other jurisdiction of in ...
Light & Wonder: Legal Woes Ironically Could Make This A Strong Buy On The Dip Opportunity
Seeking Alpha· 2024-11-04 23:24
Group 1 - The House Edge is recognized as a unique marketplace service in the casino, gaming, and online sports betting sectors, providing superior returns through insider information and industry expertise [1][3] - Constant innovation in slot machines is essential for maintaining established player engagement and attracting younger demographics, which is identified as a strength of LNW [2] - Howard Jay Klein, with 30 years of experience in major casino operations, leads The House Edge and focuses on value investing by assessing management quality [3]
LNW INVESTOR NEWS: Light & Wonder Inc. Investors that Suffered Losses Are Encouraged to Contact Rosen Law About Ongoing Investigation into the Company – LNW
GlobeNewswire News Room· 2024-10-31 19:15
NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, continues to investigate Light & Wonder, Inc. (NASDAQ: LNW) for potential violations of the federal securities laws. If you invested in Light & Wonder securities, you are encouraged to obtain additional information by visiting https://rosenlegal.com/case/light-wonder-inc/. Why did Light & Wonder’s Stock Drop? On September 24, 2024, the Las Vegas Review-Journal published an article entitled “Slot manufacturer score ...
LNW BREAKING NEWS: Light & Wonder Inc. Investors that Suffered Losses Are Encouraged to Contact Rosen Law About Ongoing Investigation into the Company – LNW
GlobeNewswire News Room· 2024-10-28 21:48
Core Insights - Light & Wonder, Inc. is under investigation by Rosen Law Firm for potential violations of federal securities laws [1] - The company's stock price dropped by 19.49% on September 24, 2024, following a legal ruling against it regarding trade-secret and copyright infringement [2] Legal Context - Aristocrat Technologies Inc. was granted a preliminary injunction against Light & Wonder, prohibiting the sale and commercialization of its "Dragon Train" product, which allegedly infringes on Aristocrat's intellectual property [2] Investor Actions - Investors in Light & Wonder are encouraged to seek legal options and can submit their information to Rosen Law Firm for potential representation on a contingency fee basis [4][5]
Light & Wonder Inc. Announcement: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
GlobeNewswire News Room· 2024-10-24 17:26
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ: LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Light & Wonder securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingen ...
Light & Wonder (LNW) Faces Scrutiny Over Gaming Revenue Claims- Hagens Berman
GlobeNewswire News Room· 2024-10-21 21:54
Core Viewpoint - Light & Wonder's shares are under pressure due to a court ruling questioning the legality of its Dragon Train® slot machines, raising concerns about the company's disclosures regarding its revenue growth and success [1][2] Company Overview - Light & Wonder is a leading gaming technology company facing legal challenges from competitor Aristocrat Technologies, which alleges misappropriation of trade secrets related to the development of Dragon Train® [1][2] - The court ruling indicated that Aristocrat is likely to succeed in proving Light & Wonder's wrongdoing, suggesting the company gained an unfair advantage [1] Financial Impact - Following the court ruling, Light & Wonder's share price dropped by 19% on September 24, 2024, resulting in a loss of approximately $1.9 billion in shareholder value [2] - The law firm Hagens Berman is investigating whether Light & Wonder misled investors about the legality and propriety of its reported gaming revenue growth [2] Legal Investigation - Hagens Berman is examining the circumstances surrounding the development of Dragon Train® and the company's disclosures [2] - The investigation also involves two former designers from Aristocrat who worked on a similar product, raising questions about the originality of Dragon Train® [2]
LNW INVESTOR NEWS: Light & Wonder, Inc. Investors that Suffered Losses are Encouraged to Contact RLF About Ongoing Investigation into the Company (Nasdaq: LNW)
GlobeNewswire News Room· 2024-10-18 23:14
Group 1 - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Light & Wonder, Inc. for possible violations of federal securities laws [1] - Shareholders who purchased Light & Wonder securities may be entitled to compensation through a class action without any out-of-pocket fees [1] - The firm is preparing a class action to seek recovery of investor losses [1] Group 2 - Light & Wonder's stock dropped 19.49% on September 24, 2024, following a ruling that granted Aristocrat Technologies a preliminary injunction against Light & Wonder [2] - The injunction prohibits Light & Wonder from selling or commercializing its Dragon Train product, which is claimed to infringe on Aristocrat's intellectual property [2] Group 3 - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company and has been ranked highly for its success in this area [3] - In 2019, Rosen Law Firm secured over $438 million for investors, showcasing its capability in recovering investor losses [3]
Rosen Law Firm Encourages Light & Wonder, Inc. Investors to Inquire About Securities Class Action Investigation - LNW
Prnewswire· 2024-10-17 22:03
NEW YORK, Oct. 17, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ: LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public. So What: If you purchased Light & Wonder securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fe ...
Light & Wonder (LNW) Faces Scrutiny Over Gaming Revenue Claims - Hagens Berman
GlobeNewswire News Room· 2024-10-17 16:18
SAN FRANCISCO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Shares in Light & Wonder, a leading gaming technology company, are under pressure following a recent court ruling that questioned the legality of its popular Dragon Train® slot machines. The ruling has raised questions about the propriety of Light & Wonder's disclosures regarding the success of Dragon Train® and its prospects for continued revenue growth. Hagens Berman encourages Light & Wonder, Inc. (NASDAQ: LNW) investors who suffered substantial losses to ...
Light & Wonder, Inc. Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses
GlobeNewswire News Room· 2024-10-03 13:28
SAN DIEGO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating Light & Wonder, Inc. (NASDAQ: LNW) for potential violations of securities laws. Investors who have lost money in their investments are encouraged to learn more about potentially recovering their losses by contacting the firm. For additional details visit https://www.johnsonfistel.com/investigations/light-wonder-inc. What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company shou ...