Le Lézard
Classified in: Business
Subject: ATY

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Inspired Entertainment, Inc.- INSE

NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Inspired Entertainment, Inc. ("Inspired" or the "Company") (NASDAQ: INSE). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980. 

The investigation concerns whether Inspired and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On November 8, 2023, Inspired announced that it did not comply with Generally Accepted Accounting Principles regarding capitalization of software development costs including "the timing of capitalization with respect to software development projects and the nature of costs eligible for capitalization." As a result, Inspired advised investors that they should no longer rely upon the Company's previously issued annual financial statements for the years ended December 31, 2021 and 2022, associated auditor reports, the interim quarterly reports for those years, and its quarterly reports filed on May 10 and August 11, 2023. Inspired also disclosed that "one or more additional material weaknesses exist in the Company's internal control over financial reporting" and that the Company would restate its consolidated financial statements for the periods in question.  

On this news, Inspired's stock price fell $3.07 per share, or 29.52%, to close at $7.33 per share on November 9, 2023. 

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com

Attorney advertising. Prior results do not guarantee similar outcomes. 

Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980

SOURCE Pomerantz LLP

These press releases may also interest you

at 18:55
Brookfield Infrastructure Partners L.P. ("Brookfield Infrastructure") today announced that BIP Investment Corporation ("BIPIC"), a wholly-owned subsidiary of Brookfield Infrastructure, has determined the fixed dividend rate on its Senior Preferred...

at 18:35
Redwire Corporation today announced that it will report financial results for the fourth quarter and full year ended December 31, 2023, after market close on Thursday, March 14, 2024. Management will conduct a conference call starting at 9 a.m. ET...

at 18:17
Telix Pharmaceuticals Limited today announces it has entered into an agreement to acquire radioisotope production technology firm ARTMS Inc. (ARTMS), its advanced cyclotron-based isotope production platform, manufacturing plant and stockpile of...

at 18:12
Weidner Apartment Homes, the 15th largest apartment owner in the U.S. and prominent Alaska real estate investor, was one of the first public partners to support Catholic Social Services' (CSS) Complex Care Shelter to address homelessness in...

at 18:11
SM Investments Corporation (SMIC) reported its net income grew 25% to PHP77.0 billion in 2023 from PHP61.7 billion in 2022. Consolidated revenues increased 11% to PHP616.3 billion from PHP553.0 billion last year. "SM's performance as a group last...

at 18:03
JPAR® - Real Estate, a leading real estate brand, is thrilled to welcome Sixteen100 Realty Group to its growing network. Led by experienced duo Rachael Fierro and Sergio Santiago, Sixteen100 brings a wealth of expertise and a commitment to client...

News published on and distributed by: