SAN DIEGO, Aug. 20, 2022 (GLOBE NEWSWIRE) — Law firm specializing in shareholder rights Johnson Fistel, LLP announces that a class action lawsuit has been filed on behalf of the investors of Lottery.com Inc. (“Lottery.com” or “the Company”) LTRY. The class action is on behalf of shareholders who purchased Lottery.com securities between November 15, 2021 and July 29, 2022, both dates inclusive (the “Class Period”). Investors are hereby notified that they have until October 18, 2022 to apply to the court to serve as lead plaintiff in this action.
What actions can I take at this time? If you have suffered a loss and would like to learn more about the lead plaintiff role, please contact Jim Baker ([email protected]) by email or by phone at 619-814-4471. If emailing, please include a phone number.
To join this action, you can click or copy and paste the link below into a browser:
There is no cost or obligation for you.
According to the complaint, the company made false and misleading statements to the market. Lottery.com failed to maintain appropriate accounting controls. The Company also failed to maintain appropriate controls over financial reporting, including revenue recognition and cash reporting. The Company was not in compliance with the laws relating to the sale of lottery tickets. Based on these facts, the Company’s public statements were false and materially misleading throughout the Class Period. When the market learned the truth about Lottery.com, investors suffered damage.
A lead plaintiff will act on behalf of all other class members to conduct the Lottery.com class action. The lead plaintiff may select a law firm of their choice to litigate the class action. An investor’s ability to share in any potential future recovery from the Lottery.com class action does not depend on their status as lead plaintiff. For more information on the lead applicant process, please see https://www.johnsonfistel.com/lead-plaintiff-deadlines.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivatives and securities class actions. Johnson Fistel is seeking to recover losses incurred due to violations of federal securities laws. For more information about the firm and its lawyers, visit http://www.johnsonfistel.com. Lawyer advertisement. Past results do not guarantee future results.
Johnson Fistel, LLP
Jim Baker, 619-814-4471