SAN DIEGO, Nov. 14, 2023 (GLOBE NEWSWIRE) — Johnson Fistel, is investigating potential securities claims against Inspired Entertainment, Inc. (NASDAQ: INSE) on behalf of stockholders. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
On November 8, 2023, Inspired Entertainment, a gaming technology company, disclosed that the company did not comply with Generally Accepted Accounting Principles pertaining to the capitalization of its software. Along with this, the company announced that it requires additional time to complete its financial statements for the third quarter ended September 30, 2023, and to restate certain of its previously issued financial statements.
On November 2, 2023, the Audit Committee determined previously issued audited consolidated financial statements for the financial period starting on January 1, 2021, contained said errors and these financial statements should not be relied upon.
Following this news, the company’s stock price dropped dramatically.
If you purchased securities and suffered significant losses on your investment, click here.
Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471
There is no cost or obligation to you.
What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
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James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
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