SAN DIEGO, Oct. 11, 2022 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. announces that a lawsuit is pending against certain investors in Lottery.com Inc. (NASDAQ: LTRY) stock.

Investors who have purchased Lottery.com Inc. (NASDAQ: LTRY) shares have certain options and should contact the Shareholders Foundation at [email protected] or by phone at +1(858) 779-1554.

On August 22, 2022, a lawsuit was filed against Lottery.com Inc. alleging violations of securities laws. Plaintiff alleges that Defendants provided false and/or misleading information and/or failed to disclose Among other things the company lacked adequate internal accounting controls, the company lacked adequate internal controls for financial reporting, including but not limited to those relating to revenue recognition and cash reporting, the company complying with state and federal laws governing the sale rules, of lottery tickets and that the Company’s public statements were therefore materially false and misleading at all relevant times.

Those who have purchased Lottery.com Inc. (NASDAQ: LTRY) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement filing service that conducts research on shareholder matters and keeps investors informed of securities class actions, settlements, judgments and other stock/financial market legal news. The Shareholders Foundation, Inc. is not a law firm. All named cases, investigations and/or settlements were not filed/initiated/achieved and/or are not related to the Shareholders Foundation. The information is provided as a public service only. It is not intended to be legal advice and should not be relied upon.