The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the District of Nevada on behalf of investors who purchased PlayAGS, Inc. (NYSE: AGS) securities between May 3, 2018 and August 7, 2019.
According to the PlayAGS lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) PlayAGS was experiencing challenges in its business in Oklahoma; (ii) as a result, the Company’s recurring revenue would be negatively impacted; (iii) PlayAGS was experiencing challenges in its Interactive business segment, including delays in securing regulatory approvals and relevant licenses; (iv) as a result of the foregoing, PlayAGS was reasonably likely to record a goodwill impairment; and (v) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
If you suffered a loss in PlayAGS you have until August 24, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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