Lead Plaintiff Deadline: 09/29/2020
SUMMARY OF CASE:
A securities class action has been filed against PlayAGS, Inc. (AGS) on behalf of all purchasers of PlayAgs common stock between August 2, 2018 through August 7, 2019. This case has been filed in the USDC – NV.
The Complaint alleges defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) PlayAGS was experiencing challenges in its business in Oklahoma; (2) as a result, the Company’s recurring revenue would be negatively impacted; (3) PlayAGS was experiencing challenges in its Interactive business segment, including delays in securing regulatory approvals and relevant licenses; (4) as a result of the foregoing, PlayAGS was reasonably likely to record a goodwill impairment; and (5) as a result, defendants’ statements about the Company’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.