Lottery.com Beats Investor Suit Over Pre-IPO Disclosures

[Gunnar Larson]

Lottery.com Beats Investor Suit Over Pre-IPO Disclosures
<https://www.law360.com/newyork/articles/1794961?nl_pk=ac5a3855-e47c-4403-bee6-ca14f9bcf831&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2024-02-08&read_main=1&nlsidx=0&nlaidx=16>

By Sydney Price

A New York federal judge has dismissed consolidated securities class
actions against third-party lottery website Lottery.com Inc., ruling that
while some statements ahead of its 2021 initial public offering were false,
the proposed class members failed to adequately allege the defendants
intended to defraud investors.

 Opinion attached | Read full article »
<https://www.law360.com/newyork/articles/1794961?nl_pk=ac5a3855-e47c-4403-bee6-ca14f9bcf831&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2024-02-08&read_more=1&nlsidx=0&nlaidx=16>
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