SciPlay Securities Settlement

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SciPlay Securities Settlement
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The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for an Award of Attorneys’ Fees and Litigation Expenses (the “Notice”), which you can access by clicking here.  Since this website is just a summary, you should review the Notice for additional details

The Parties have reached a proposed settlement for $8,275,000 in cash (the “Settlement”) for the benefit of the Settlement Class, which is subject to approval by the Court.

If you are a member of the Settlement Class, you are subject to the Settlement, and you may be eligible for a payment from the Settlement, unless you timely request to be excluded.  The Settlement Class consists of the following:


All persons and entities that purchased or otherwise acquired the Class A common stock of SciPlay Corporation pursuant and/or traceable to the Registration Statement for SciPlay’s May 3, 2019 initial public offering of Class A common stock, and were allegedly damaged thereby. 


For purposes of the Settlement, only purchases/acquisitions of shares from May 3, 2019 through October 14, 2019, the date this lawsuit was filed, (the “Relevant Period”) will be potentially eligible for a recovery. 


Excluded from the Settlement Class are certain persons and entities (see paragraph 33 of the Notice) or those who request exclusion pursuant to the instructions set forth in the Notice (see paragraphs 42 to 45 of the Notice).


Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu on the left of this page.

Payments to eligible claimants will be made only if the Court approves the Settlement and a Plan of Allocation, only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

Please read the Notice carefully.  If you have questions, you may call the SciPlay Securities Settlement Help Line at 1-866-905-8128 or email info@SciPlaySecuritiesSettlement.com.


YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT:

SUBMIT A CLAIM FORM BY DECEMBER 23, 2021

The only way to be eligible to receive a payment.  See Question 8 of the Notice for details.

EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY OCTOBER 25, 2021

If you exclude yourself from the Settlement Class, you will receive no payment pursuant to this Settlement.  This is the only option that will, assuming your claim is timely brought, allow you to seek recovery from the Defendants or the other Defendant Releasees through other litigation, at your own expense.  See Question 11 of the Notice for details.

OBJECT BY OCTOBER 25, 2021

Write to the Court and explain why you do not agree with the Settlement, the requested Judgment to approve the Settlement, the Plan of Allocation, and/or Lead Counsel’s Fee and Expense Application.  If you object, you will still be a member of the Settlement Class.  See Question 16 of the Notice for details. 

PARTICIPATE IN A HEARING ON NOVEMBER 15, 2021 AND SUBMIT A NOTICE OF INTENTION TO APPEAR BY OCTOBER 25, 2021

You may participate at the hearing and speak in Court about the fairness of the Settlement, the requested Judgment to approve the Settlement, the proposed Plan of Allocation, and/or Lead Counsel’s Fee and Expense Application.  You cannot object to the Settlement unless you are a member of the Settlement Class and do not validly exclude yourself.  See Question 20 of the Notice for details.  

DO NOTHING

Receive no payment, remain a Settlement Class Member, give up your rights to seek recovery from the Defendants and the other Defendant Releasees through other litigation, and be bound by the Judgment entered by the Court if it approves the Settlement, including the release of Plaintiffs’ Released Claims.


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