The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of PlayAGS, Inc. (NYSE: AGS) who purchased shares between May 3, 2018 and August 7, 2019. The action, which was filed in the United States District Court for the District of Nevada, alleges that the Company violated federal securities laws.
In particular, the PlayAGS lawsuit alleges 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.
Shareholders have until August 24, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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