Investors suing PlayAGS Inc., underwriters, and others on behalf of a proposed class can’t proceed with many of their claims stemming from alleged share price inflation, a federal court in Nevada ruled.
The lead plaintiff, the Oklahoma Police Pension and Retirement System, alleges the electronic gaming products maker misrepresented its economic performance during a period that included its initial public offering and secondary public offerings.
- The pension and retirement fund lacks standing to pursue some of the claims because it didn’t purchase shares in one of the secondary offerings, Judge
James C. Mahan said Dec. 2 for the US District ...