An investigation on behalf of current long term investors in PlayAGS, Inc. (NYSE:AGS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/08/2020 -- Certain directors of PlayAGS, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in PlayAGS, Inc. (NYSE: AGS) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: AGS stocks follows a lawsuit filed against PlayAGS, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: AGS stocks, concerns whether certain PlayAGS, directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose to investors that PlayAGS was experiencing challenges in its business in Oklahoma, that, as a result, the Company's recurring revenue would be negatively impacted, that PlayAGS was experiencing challenges in its Interactive business segment, including delays in securing regulatory approvals and relevant licenses, that, as a result of the foregoing, PlayAGS was reasonably likely to record a goodwill impairment, and that that as a result, Defendants' statements about the Company's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of PlayAGS, Inc. (NYSE: AGS) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.