A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of King Digital Entertainment PLC (NYSE:KING) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on May 23, 2017 and NYSE:KING investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/26/2017 -- The Shareholders Foundation announces that a deadline is coming up on May 23, 2017 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of King Digital Entertainment PLC (NYSE:KING) between March 26, 2014 and September 22, 2014.
Investors who purchased a significant amount of shares of King Digital Entertainment PLC (NYSE:KING) between March 26, 2014 and September 22, 2014, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the King Digital Entertainment PLC (NYSE:KING) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/king-digital-entertainment-plc-nyse-king-investor-securities-class-action-lawsuit-03262015
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is May 23, 2017. The class action administrator for this case is Gilardi & Co LLC.
The lawsuit was filed over alleged violations of Federal Securities Laws by King Digital Entertainment PLC in connection with the Company's March 26, 2014 Initial Public Offering. According to the complaint the plaintiff alleges on behalf of purchasers of King Digital Entertainment PLC (NYSE:KING) common stock pursuant and/or traceable to the Company's March 26, 2014 Initial Public Offering ("IPO"), that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Registration Statement issued in connection with the IPO failed to disclose that a significant number of individuals paying to play Candy Crush Saga—the primary source of the Company's revenue—were no longer playing Candy Crush saga, and that as a result of such decline, Candy Crush Saga was hampering the Company's financial results. When the true details entered the market, the suit claims that investors suffered damages.
Those who purchased shares of King Digital Entertainment PLC (NYSE:KING) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com