Recent Security Class Actions

Evolution AB (publ) (US TRADING VENUE: EVVTY)

Company Name:Evolution AB (publ)
Class Period Start:02/14/2019
Class Period End (inclusive):10/25/2023
Filing Deadline:03/25/2024

The Complaint alleges that during the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) in “allowing play” from certain jurisdictions, multiple customers of Evolution’s were, or were deemed by regulators to be, unlicensed and/or in breach of the laws of those jurisdictions; and (ii) Defendants’ statements were false, as they misrepresented the extent of Evolution’s involvement with regulatorily noncompliant customers. The Complaint claims that the Class was damaged by Defendants' alleged conduct.