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INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Light & Wonder, Inc. (LNW) on Behalf of Investors

1. L&W faces investigation over federal securities law violations. 2. Aristocrat Technologies received a preliminary injunction against L&W's game Dragon Train. 3. L&W's stock dropped 19.5% following the injunction news. 4. Investors may be injured due to significant loss in stock value.

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FAQ

Why Very Bearish?

The stock's sharp decline indicates severe negative investor sentiment. Similar cases have led to prolonged price drops.

How important is it?

Legal challenges can significantly affect stock performance and investor confidence.

Why Short Term?

The current legal issues may result in immediate trading volatility. Historical examples show that initial legal rulings often impact prices quickly.

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BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Light & Wonder, Inc. (“L&W” or the “Company”) (NASDAQ: LNW) investors concerning the Company’s possible violations of federal securities laws. On September 24, 2024, news sources reported that a Nevada District Court had granted L&W’s competitor, Aristocrat Technologies, Inc., a subsidiary of Aristocrat Leisure Limited (collectively “Aristocrat”), a preliminary injunction relating to L&W’s game, Dragon Train, alleging that the Company misappropriated trade secrets in the development of the game. On this news, L&W’s stock price fell $21.97, or 19.5%, to close at $90.71 per share on September 24, 2024, thereby injuring investors. If you purchased L&W securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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