Levi & Korsinsky, LLP notifies investors in Playstudios, Inc. (“Playstudios, Inc.” or the “Company”) (NASDAQ: MYPS) of a class action securities lawsuit.
CLASS DEFINITION:
The Myps lawsuit seeks to recover losses on behalf of Playstudios, Inc. investors who were adversely affected by alleged securities fraud.
This lawsuit is on behalf of a class consisting of all persons and entities other than defendants who:
(a) purchased, or otherwise acquired securities of Playstudios between June 22, 2021 and March 1, 2022, both dates inclusive, including, but not limited to, those who purchased or acquired Playstudios securities pursuant to the offering of the private investment in public equity; (b) held common stock of Acies as of May 25, 2021, and were eligible to vote at Acies’ June 16, 2021 special meeting who exchanged their shares of Acies stock for shares of Playstudios stock pursuant to the merger of Acies and Old Playstudios; and/or (c) purchased or otherwise acquired Playstudios common stock pursuant to or traceable to Acies’ documents issued in connection with the June 2021 merger.
CASE DETAILS:
The lawsuit filed complaint alleges that defendants made false statements and/or concealed that: (i) Playstudios was having significant problems with its flagship game, Kingdom Boss; (ii) Playstudios would not be releasing Kingdom Boss as expected; and (iii) Playstudios had not revised its financial projections to account for the problems it had encountered with Kingdom Boss.
As a result of defendants’ wrongful conduct, Class members paid artificially inflated prices for their Playstudios securities and suffered substantial losses and damages.
WHAT’S NEXT?
If you suffered a lawsuit loss in Playstudios, Inc. during the relevant time frame, you have until June 6, 2022 to request that the Court appoint you as lead plaintiff.
Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
NO COST TO YOU:
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY:
