The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency and Proposed Settlement of Class Action (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional information.
If you are a Settlement Class Member, your legal rights will be affected by this Settlement whether you act or do not act.
Please read the Notice carefully.
If you: (a) purchased or otherwise acquired public shares in PLAYSTUDIOS, Inc. (“Playstudios” f/k/a/ Acies Acquisition Corp., or “Acies”), including by way of exchange of publicly-listed Acies shares pursuant to or traceable to the proxy/registration statement that Playstudios filed with the SEC on Form S-4 on 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 (the “Proxy/Registration Statement”); (b) were solicited to approve the merger between Playstudios and Acies and exchanged publicly listed Acies shares for Playstudios Class A Ordinary Shares rather than redeeming the same pursuant to the Proxy/Registration Statement; or (c) purchased or otherwise acquired Playstudios common stock between August 11, 2021 and May 5, 2022 (the “10(b) Class Period”), both dates inclusive; and as to any of (a)-(c) were damaged thereby, you could get a payment from a class action settlement.
| Description | Due Date | |
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Submit a Claim Form |
Fill out the Proof of Claim and Release form, which must be postmarked or submitted online no later than September 2, 2025. This is the only way to get a payment. |
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Exclude Yourself from the Class |
Submit a request for exclusion no later than September 17, 2025. This is the only way you can ever be part of any other lawsuit against the Defendants or the other Released Parties about the legal claims in this case. If you exclude yourself, you will receive no payment and cannot object or speak at the hearing. |
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Object |
Write to the Court no later than September 16, 2025 about why you oppose the Settlement, the Plan of Allocation, the request for attorneys’ fees and expenses, and/or the expenses of Lead Plaintiff. You can still submit a claim form and be a Member of the Settlement Class. If the Court approves the Settlement, you will be bound by it. |
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Go To The Hearing |
Ask to speak in Court about the fairness of the Settlement at the hearing on October 14, 2025, at 12:15 p.m. Requests to speak must be received by the Court on or before September 16, 2025. You can still submit a claim form and be a Member of the Settlement Class. If the Court approves the Settlement, you will be bound by it. |
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Do Nothing |
Get no payment AND give up your right to bring your own individual action. |
What is this lawsuit about?
The Action involves allegations that Defendants violated certain federal securities laws by making misrepresentations or omissions of material fact concerning a SPAC merger and related to a new game being developed for release by Playstudios. Plaintiffs allege that known problems with the game existed at the time of the merger and continued throughout the Class Period until the Company ultimately suspended development of the game. The Complaint alleges that the misstatements or omissions artificially inflated the price of Playstudios’ share price, and that the share price dropped in response to certain subsequent disclosures. The Complaint also alleges that Defendants’ misstatements and omissions prevented investors from understanding critical information concerning the merger between Acies and Playstudios, which affected investors’ decision to redeem or exchange Acies shares for Playstudios shares. Defendants have denied and continue to deny each, any, and all allegations of wrongdoing, fault, liability or damage whatsoever asserted in the Action. The Settlement shall in no event be construed as, or deemed to be evidence of, liability, fault, wrongdoing, injury or damages, or of any wrongful conduct, acts or omissions on the part of Defendants or any of the Released Parties, or of any infirmity of any defense, or of any damages to the Plaintiffs or any other Settlement Class Member. The Settlement resolves all of the claims in the Action, as well as certain other claims or potential claims, whether known or unknown.
How do I know if I am part of the Settlement?
For the purposes of settlement, everyone who fits the following description is a Settlement Class Member. Please read Paragraph 6 of the Notice for exceptions to inclusion in the Settlement Class.
The Settlement Class consists of all persons and entities, other than Defendants and their affiliates, who: (a) purchased or otherwise acquired public shares in Playstudios pursuant to or traceable to the Proxy/Registration Statement; (b) were solicited to approve the merger between Playstudios and Acies and exchanged publicly listed Acies shares for Playstudios Class A Ordinary Shares rather than redeeming the same pursuant to the Proxy/Registration Statement; or (c) purchased or acquired publicly traded Playstudios common stock between August 11, 2021 and May 5, 2022, both dates inclusive; and as to any of (a)-(c) were damaged thereby.
What does the Settlement provide?
The proposed Settlement provides that Defendants will cause six million five hundred thousand dollars ($6,500,000) (the “Settlement Fund”) to be paid into the Escrow Account for the benefit of the Settlement Class. The Settlement is subject to Court approval. Also, subject to the Court’s approval, a portion of the Settlement Fund will be used to pay attorneys’ fees with interest and reasonable litigation expenses to Lead Counsel, and any Award to Plaintiffs. A portion of the Settlement Fund also will be used to pay taxes due on interest earned by the Settlement Fund, if necessary, and the costs of the claims administration, including the costs of printing and mailing this Notice and the costs of publishing notice. After the foregoing deductions from the Settlement Fund have been made, the amount remaining (the “Net Settlement Fund”) will be distributed to Settlement Class Members who submit timely and valid Proof of Claim and Release Form, according to the Plan of Allocation to be approved by the Court.
The Settlement Hearing
The Court will hold a Settlement Hearing on October 14, 2025, at 12:15 p.m., at the United States District Court, District of Nevada, 333 Las Vegas Boulevard South, Courtroom 7C, Las Vegas, NV 89101.
At this hearing, the Court will consider whether the Settlement is fair, reasonable, and adequate and whether to approve the Settlement. If there are objections, the Court will consider them, and the Court will listen to people who have asked to speak at the hearing. The Court may also decide how much to pay Lead Counsel for attorneys’ fees and expenses and how much to award Plaintiffs.
Further Information
For more details regarding this case, please reference the documents filed in the case under the “Court Documents” section at the top of this website. You may also contact the Claims Administrator or Lead Counsel for further information regarding this case.
Claims Administrator:
Playstudios Securities Litigation
Claims Administrator
c/o A.B. Data, Ltd.
P.O. Box 173029
Milwaukee, WI 53217
Email: info@PlaystudiosSecuritiesLitigation.com
Telephone: 877-307-6170
Lead Counsel:
POMERANTZ LLP
Omar Jafri
Diego Martinez-Krippner
10 South LaSalle Street, Suite 3505
Chicago, IL 60603