The settlement of this federal securities fraud class action lawsuit is on behalf of investors who purchased or otherwise acquired Playstudios, Inc. (“Playstudios”) (NASDAQ: MYPS; MYPSW) securities (1) pursuant and/or traceable to the proxy/registration statement filed with the SEC on Form S-4 on or about February 16, 2021, and amended on Forms S-4/A on March 26, 2021, May 10, 2021, May 18, 2021, and May 20, 2021, and the body of which was incorporated into the final prospectus on Form 424(b)(3) filed on May 25, 2021 (collectively, the “Proxy/Registration Statement”); (2) between August 11, 2021 and May 5, 2022, inclusive (the “Class Period”); and/or (3) were solicited to approve the merger between Playstudios and Acies Acquisition Corp. (“Acies”) (NASDAQ: ACAC; ACACW) and exchanged publicly listed Acies shares for Playstudios Class A Ordinary Shares rather than redeeming the same pursuant to the Proxy/Registration Statement.
Playstudios agreed to pay $6,500,000 to resolve this class action lawsuit alleging the company and certain of its officers and/or directors violated federal securities laws by making false or misleading statements.
What’s the status of the Settlement?
On June 27, 2025, the Court granted Preliminary Approval of the Class Action Settlement. There is a Final Settlement Hearing scheduled for October 14, 2025. This action is ongoing.
Who can file a claim?
The settlement class includes all persons or entities who:
- Purchased or otherwise acquired Playstudios securities (1) pursuant and/or traceable to the Proxy/Registration Statement; (2) between August 11, 2021 and May 4, 2022, inclusive; and/or (3) were solicited to approve the merger between Playstudios and Acies and exchange Acies shares for Playstudios Class A Ordinary Shares.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is $6,500,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The deadline to file a claim was September 2, 2025. To submit a claim and/or to find additional information regarding the terms of the settlement and claim filing process, go to www.PlaystudiosSecuritiesLitigation.com, or contact the claims administrator, A.B. Data, Ltd., at 1-877-307-6170.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.