Light & Wonder, Inc.
Company Name | Light & Wonder, Inc. |
Stock Symbol | LNW |
On September 24, 2024, news sources reported that a Nevada District Court had granted L&W’s competitor, Aristocrat Leisure Limited (“Aristocrat”), a preliminary injunction relating to L&W’s game, Dragon Train, alleging that the Company misappropriated trade secrets in the development of the game.
On this news, L&W’s stock price fell $21.97, or 19.5%, to close at $90.71 per share on September 24, 2024, thereby injuring investors.
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