LOS ANGELES, May 31, 2022 /PRNewswire/ — The law firms of Frank R. Cruz announces that investors suffering substantial losses have the option of pursuing the securities fraud class action lawsuit against Playstudios, Inc. (“Playstudios” or the “Company”) (NASDAQ: MYPS).
Class period: June 22, 2021 – March 1, 2022
Lead Applicant Deadline: June 7, 2022
If you are a shareholder who suffered a loss, click here to participate.
The filed complaint alleges that, throughout the class action period, the defendants failed to disclose to investors that they had significant issues with Patron of the Kingdomwould not post Patron of the Kingdom as planned, and had not revised its financial projections to take into account the problems Patron of the Kingdomand therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.
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To be a class member, you do not need to take any action at this time; you can retain the services of a lawyer of your choice or do nothing and remain an absentee member of the class action. If you would like to know more about this class action, or if you have any questions about this announcement or your rights or interests in the pending class action, please contact Frank R. Cruzlaw firms of Frank R. Cruz1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email at [email protected], or visit our website at www.frankcruzlaw.com. If requesting by email, please include your mailing address, phone number and number of shares purchased.
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SOURCE The law firms of Frank R. Cruz, Los Angeles