Light & Wonder's ASX-listed shares plunge more than 24% after legal blow

Light & Wonder

24/09/2024 05:45

** Light & Wonder's Australia-listed shares  LNW.AX  plunge
as much as 24.4% to A$124.62, lowest since Feb. 6
    ** Stock on track for its worst day ever
    ** U.S-based gaming co  LNW.O  gets preliminary injunction
order from U.S. District Court of Nevada for its Dragon Train
game after rival Aristocrat Leisure's  ALL.AX  unit filed an
intellectual property infringement claim
    ** Stock biggest loser on benchmark ASX 200 index  .AXJO ,
which is down 0.3%
    ** More than 260,000 shares traded, 2.4x the 30-day avg
    ** LNW up 15.5% YTD, while AXJO loses 7.1%

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))