Recent Security Class Actions

Playtika Holding Corp. Common Stock (NASDAQ: PLTK)

Company Name:Playtika Holding Corp. Common Stock
Stock Symbol:NASDAQ: PLTK
Class Period Start:01/15/2021
Class Period End (inclusive):11/02/2021
Filing Deadline:01/24/2022

The Complaint alleges that documents issued in connection with the Company’s IPO were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, the Complaint alleges the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose 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.