Pomerantz Appointed Lead Counsel in PLAYSTUDIOS Securities Litigation

On July 12, 2022, U.S. District Judge Vince Chhabria of the Northern District of California appointed Pomerantz LLP as Lead Counsel on behalf of The Phoenix Insurance Company Ltd. and The Phoenix Provident Pension Fund Ltd. – the Lead Plaintiffs, and the class, in Felipe v. Playstudios, Inc., 22-cv-2164 (N.D. Cal.). This securities action alleges that PLAYSTUDIOS, Inc. misled investors and the market about the state of development, financial prospects and future projections for Kingdom Boss, its flagship game. PLAYSTUDIOS is a developer and publisher of free-to-play casual games for mobile and social platforms. The Company was formed through a merger between…