Playstudios Securities Litigation Settlement

What happened

Defendants allegedly violated federal securities laws by making misrepresentations or omissions about a SPAC merger and a game being developed by Playstudios. Plaintiffs claim known problems with the game existed at the merger but were not disclosed, and that misstatements artificially inflated the share price. Defendants deny all allegations of wrongdoing.

Do you qualify?

Anyone who purchased or acquired Playstudios shares pursuant to the Proxy/Registration Statement filed in February-May 2021, exchanged publicly-listed Acies shares for Playstudios shares in the merger, or purchased Playstudios common stock between August 11, 2021 and May 5, 2022, and were damaged thereby.

Who is in the class

The Settlement Class consists of all persons and entities, other than Defendants and their affiliates, who: (a) purchased or otherwise acquired public shares in Playstudios pursuant to or traceable to the Proxy/Registration Statement; (b) were solicited to approve the merger between Playstudios and Acies and exchanged publicly listed Acies shares for Playstudios Class A Ordinary Shares rather than redeeming the same pursuant to the Proxy/Registration Statement; or (c) purchased or acquired publicly traded Playstudios common stock between August 11, 2021 and May 5, 2022, both dates inclusive; and as to any of (a)-(c) were damaged thereby.

Quoted from the settlement notice.

How to file

Submit a timely and valid Proof of Claim and Release Form to the Claims Administrator. The deadline to file a claim has now passed. Settlement class members who submit valid forms will receive a distribution from the Net Settlement Fund according to the Plan of Allocation.