Light & Wonder (LNW) Market Cap Tanks $1.9 Billion On September 24, 2024 After Federal Court Ruling On DRAGON TRAIN® - Hagens Berman

Core Viewpoint - Light & Wonder, Inc. is under investigation for potentially misleading investors regarding the success and legality of its DRAGON TRAIN® slot machines, following a court ruling that favored competitor Aristocrat Technologies [1][2][3]. Group 1: Legal Issues - The United States District Court for the District of Nevada granted a preliminary injunction against Light & Wonder, preventing any further commercialization of DRAGON TRAIN® due to allegations of misappropriating trade secrets from Aristocrat Technologies [1][2]. - The court indicated that Aristocrat is "extremely likely to succeed" in proving that Light & Wonder misappropriated its trade secrets during the development of DRAGON TRAIN® [2]. Group 2: Financial Impact - Following the court ruling on September 23, 2024, Light & Wonder's stock price plummeted by $21.97, a decrease of 19%, resulting in a loss of approximately $1.9 billion in shareholder value in just one trading day [2]. Group 3: Investor Actions - Hagens Berman is encouraging investors who have suffered significant losses in Light & Wonder to come forward and submit their losses, as well as to provide any information that may assist in the investigation [1][3].