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INVESTOR ALERT: Axler Goldich LLC Notifies PlayAGS, Inc. Investors of Class Action and Lead Plaintiff Deadline: August 24, 2020

Philadelphia, PA (June 29, 2020) – On June 25, 2020, a securities class action lawsuit was filed in the United States District Court for the District of Nevada against PlayAGS, Inc. (NYSE: AGS).  The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is August 2, 2018 through August 7, 2019.

 

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) PlayAGS was experiencing challenges in its business in Oklahoma; (2) as a result, the Company’s recurring revenue would be negatively impacted; (3) PlayAGS was experiencing challenges in its Interactive business segment, including delays in securing regulatory approvals and relevant licenses; (4) as a result of the foregoing, PlayAGS was reasonably likely to record a goodwill impairment; and (5) as a result, defendants’ statements about the Company’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

 

A class action has already been filed. Plaintiff seeks to recover damages on behalf of all PlayAGS, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above.  If you suffered a loss in PlayAGS you have until August 24, 2020 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

 

If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact our lawyers at 866-207-2920 or email us at intake@axlergoldich.com

 

To join this class action, please complete the following Investor Certification.

Plaintiff Certifies that the following information is true and correct to the best of my knowledge, information and belief:

1. I have reviewed the Complaint in this action and authorize the filing of this Certification as an exhibit to the Complaint, or any substantively similar complaint or amended complaint to be filed in the future. I retain Axler Goldich LLC, and any other counsel with whom Axler Goldich LLC deems appropriate to associate with, to pursue this action on my behalf on a contingency fee basis.

2. If chosen, I am willing to serve as a representative party on behalf of the class (the “Class”), either individually or as part of a group on behalf of the Class as defined in the Complaint, including providing testimony at deposition or trial (if necessary). I am also willing to participate on an executive committee of shareholders.

3. I made the following transaction(s) during the Class Period in Paysign, Inc. (NASDAQ: PAYS) securities (which are the subject of this action) as follows in the form below.

4. I did not purchase these securities at the direction of my attorney or in order to participate in a lawsuit under the Securities Act of 1933 or the Securities Exchange Act of 1934.

5. During the 3-year period preceding the date of this Certification, I have not sought to serve, nor have I served, as a representative to any party or on behalf of any class in any action arising under the Securities Act of 1933 or the Securities Exchange Act of 1934.

6. I will not accept any payment if chosen to serve as a representative party on behalf of the Class beyond my pro rata share of an award to the Class, or as otherwise ordered and approved by the Court, except for such reasonable costs and expenses directly relating to my service as a representative of the Class and as ordered and approved by the Court.

By submitting this form, I intend to sign and execute this agreement and retain Axler Goldich LLC to proceed on my (Plaintiff’s) behalf on a contingency basis.

     

PlayAGS Investor Certification

Plaintiff certifies the following information is true and correct to the best of my knowledge, information and belief:
  • Please indicate the number of shares of Paysign, Inc. (NASDAQ: PAYS) you purchased.
  • Please indicate the date that you purchased shares of Paysign, Inc. (NASDAQ: PAYS).
  • Please indicate the price you paid for each share that you purchased of Paysign, Inc. (NASDAQ: PAYS).
  • Please indicate the class of stock (e.g. Common, Restricted, etc) for the shares you purchased of Paysign Inc. (NASDAQ: PAYS).
  • The price that you sold the shares of Paysign Inc. (NASDAQ: PAYS) for, if you sold them.
  • By submitting this form, I intend to sign and execute this agreement and retain Axler Goldich LLC to proceed on my (Plaintiff's) behalf on a contingency basis.