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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, the price of L&W stock 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
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jcampisi@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
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lking@kaplanfox.com