Playtika Holding Corp.
(NASDAQ GS: PLTK)
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Playtika Holding Corp. ("Playtika") on behalf of stockholders. A class action complaint has been filed against Playtika, which alleges that the offering documents issued in connection with Playtika's IPO were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading, and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, defendants made materially false and misleading statements regarding Playtika's business, operational, and compliance policies. Specifically, the offering documents and defendants made false and/or misleading statements, and/or failed to disclose that: (i) Playtika's year-over-year total costs and costs related to sales & marketing and research & development were on track to rise significantly by the third quarter of 2021; (ii) the success of Playtika's game portfolio was less sustainable than Playtika had represented; (iii) the foregoing issues were likely to negatively impact Playtika's revenue and earnings; and (iv) as a result, Playtika's public statements were materially false and misleading at all relevant times.