Brief: DoubleDown Interactive Announces Agreement In Principle To Settle Legal Proceedings Related To The Benson Class Action

DoubleDown Interactive

29/08/2022 21:35

Aug 29 (Reuters) - DoubleDown Interactive Co Ltd  DDI.O :
    * DOUBLEDOWN INTERACTIVE ANNOUNCES AGREEMENT IN PRINCIPLE TO
SETTLE LEGAL PROCEEDINGS RELATED TO THE BENSON CLASS ACTION
    * DOUBLEDOWN INTERACTIVE CO LTD - AS A RESULT OF SETTLEMENT
AGREEMENT, DOUBLEDOWN WILL ACCRUE A $70.25 MILLION EXPENSE IN Q3
OF 2022
    * DOUBLEDOWN  - TOTAL OF $415 MILLION WILL BE PAID INTO
SETTLEMENT
FUND OF WHICH IGT'S UNITS WILL CONTRIBUTE $269.75 MILLION & DDI
WILL CONTRIBUTE $145.25 MILLION
    * DOUBLEDOWN - ALL MEMBERS OF NATIONWIDE SETTLEMENT CLASS
WHO DO
NOT EXCLUDE THEMSELVES WILL RELEASE ALL CLAIMS RELATING TO
SUBJECT MATTER OF LAWSUIT

Source text for Eikon:  ID:nGNX8g7mYr 
Further company coverage:  DDI.O 

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