NEW
YORK, May 11, 2022 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Playstudios,
Inc..
Shareholders who purchased shares of MYPS during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/playstudios-inc-loss-submission-form/?id=27028&from=4
CLASS PERIOD: 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.
ALLEGATIONS: The complaint alleges that during the class
period, Defendants 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.
DEADLINE: June 6, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/playstudios-inc-loss-submission-form/?id=27028&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of MYPS during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is June 6, 2022. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm