EVVTY - Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Evolution AB (EVVTY) | Benzinga
LOS ANGELES, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming March 25, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Evolution AB (publ) ("Evolution" or the "Company") (OTC:EVVTY) American Depositary Shares ("ADSs") between February 14, 2019 and October 25, 2023, inclusive (the "Class Period").
If you suffered a loss on your Evolution investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Evolution-AB/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On January 24, 2022, Analyst Alpha Generation Limited released an analytical report stating that a significant portion of Evolutions revenue "could be at risk due to future regulatory clampdowns" and that Evolution was "exposed to revenues from . . . illegal gambling activities." On this news, Evolution's stock price fell $19.78, or 14.7%, to close at $115.00 per share on January 27, 2022, thereby injuring investors.
Then, on April 25, 2022, after market hours, the Australian gambling regulator announced that it had requested that Australian internet service providers block six online gambling sites, five of which were customers of Evolution, for engaging in illegal gambling. On this news, Evolution's stock price fell ...
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