NEW YORK, Nov. 01, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky reminds investors that it has commenced an investigation of SciPlay Corporation (“SciPlay” or “the Company”) (SCPL) concerning possible violations of federal securities laws.
According to a complaint filed against the Company, SciPlay failed to disclose that, prior to the its initial public offering (“IPO”), its platform was experiencing technical issues that slowed it to the point where all of its core games were unplayable. Nor did the Company disclose that the exact technical issues that SciPlay warned “could” adversely impact its results had already materialized prior to the IPO. Statements on behalf of the Company were false and misleading because, at the time of the IPO, the Company did not have a sufficient pipeline to sustain is historical cadence of new game launches. Further, for at least one month before the IPO, SciPlay had significantly scaled back on its marketing spend, which negatively impacted the growth of Company’s active user base. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171