International Game Technology PLC (IGT) Class Action: If

International Game Technology PLC (IGT) Class Action: If



The class: Robbins LLP Reminds investors that a shareholder has filed a class action lawsuit alleging violations of the Securities Exchange Act on behalf of all individuals and entities who purchased shares of International Game Technology PLC (NYSE: IGT) between March 16, 2018 and August 29, 2022 of 1934 filed .

What now: Shareholders in a similar situation may be eligible to participate in the class action lawsuit against IGT. Shareholders who wish to be named lead plaintiff in the class action must file by December 13, 2022. A Lead Plaintiff is a representative party acting on behalf of other Class Plaintiffs in the conduct of the litigation. You do not have to be present at the case to be eligible for a recovery. Click for more information here.

All representations are on a contingency fee basis. Shareholders pay no fees or costs.

What is it about in this case: International Game Technology PLC (IGT) incurred non-operating expenses of $119.72 million in connection with the settlement of the litigation

According to the Complaint, in June 2017, IGT completed the sale of DoubleDown Interactive LLC (“DDI”), operator of an online casino called DoubleDown Casino, to DoubleU Diamond LLC (“DoubleU”). On April 9, 2018, a putative class action lawsuit against DDI and a wholly owned subsidiary of the company named International Game Technology (“IGT Subsidiary”) named Benson was filed in federal court against Double Down Interactive, LLC et al. submitted. No. 2:18-cv-00525 (WD Washington) (the “Benson Action”). The Benson lawsuit alleges, among other things, that IGT affiliate and DDI illegally profited from tens of thousands of consumers in connection with their operation of DoubleDown Casino, in violation of Washington law.

On August 29, 2022, IGT and DDI “Announced an Agreement in Principle to Settle the Benson v. DoubleDown Interactive LLC, et. Al. Legal Proceedings and Related Proceedings (the ‘Benson Matters’).” The press release states,…

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