NEW
YORK, April 29, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Playstudios, Inc. (NASDAQ:
MYPS).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/playstudios-inc-loss-submission-form/?id=26475&from=4
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.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
June 6, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Playstudios, Inc. issued
materially false and/or misleading statements and/or failed to
disclose 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law