Gaming equipment and services group Light & Wonder Inc. has been served with a class action lawsuit in Australia alleging that disclosures related to its ‘Dragon Train‘ game lacked reasonable grounds, according to a company filing released on April 23rd.
The case was filed in the Supreme Court of Victoria by law firm Phi Finney McDonald on behalf of shareholders who acquired interests in the company’s Chess Depositary Interests (CDIs) between May 22nd, 2023 and September 24th, 2024.
The claim alleges that certain representations made by Light & Wonder regarding the ‘Dragon Train’ product were not supported by reasonable grounds.
Light & Wonder said it intends to ‘vigorously defend the proceeding,’ without providing further details on the allegations or potential financial impact.
The development follows earlier legal and financial issues tied to the Dragon Train game, including a dispute with Aristocrat Leisure Ltd that led to a $127.5 million settlement and weighed on the company’s financial performance. The current case focuses on shareholder claims rather than intellectual property or product-related disputes.
No timeline for court proceedings has been disclosed.
