Light & Wonder (LNW) Faces Scrutiny Over Gaming Revenue Claims- Hagens Berman

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]