NEW YORK, NY - 
(NewMediaWire) - October 18, 2024 - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Light & Wonder, Inc. (“L&W” or the “Company”) (NASDAQ: LNW).
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The Company purports to be a “cross-platform global games company.” On September 23, 2024, after the market closed, the Company issued a press release titled “Light & Wonder Statement on Dragon Train Litigation,” in which it disclosed it “received an order from the U.S. District Court for the District of Nevada granting Aristocrat a preliminary injunction relating to L&W’s Dragon Train game.”
Judge Novarro’s September 20, 2024 order found that Aristocrat “is extremely likely to succeed in demonstrating L&W misappropriated Aristocrat’s trade secrets in its development of Dragon Train.”
Following this news, L&W stock price fell $21.97 per share, nearly 20%, to close at $90.71 per share on September 24, 2024.
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If you have any questions about this investigation, please contact:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(212) 329-8571
jcampisi@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
