The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Playtika Holding Corp. (NASDAQ: PLTK) who purchased (a) securities pursuant and/or traceable to the Company’s initial public offering conducted on or about January 15, 2021 or (b) securities between January 15, 2021 and November 2, 2021, both dates inclusive. The action, which was filed in the United States District Court for the Eastern District of New York, alleges that the Company violated federal securities laws.
In particular, the Playtika lawsuit alleges that (i) the Company’s year-over-year total costs and costs related to sales & marketing and research & development were on track to rise significantly by the third quarter of 2021; (ii) the success of the Company’s game portfolio was less sustainable than the Company had represented; (iii) the foregoing issues were likely to negatively impact the Company’s revenue and earnings; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Shareholders have until January 24, 2022 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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