Hagens Berman Calls on INSE Investors with Heavy Losses to Step Forward in Securities Law Violation Investigation

Hagens Berman, a national trial law firm, is actively inviting investors of Inspired Entertainment, Inc. INSE who have incurred substantial losses to participate in an ongoing investigation into potential violations of securities laws. The firm is focusing on the appropriateness of Inspired Entertainment's previously reported financial statements and is seeking investors to help in their investigation.

Background of the Investigation

The investigation pertains to concerns over Inspired Entertainment's adherence to Generally Accepted Accounting Principles (GAAP) in its capitalization of software development costs. Specific areas of interest include the timing of such capitalizations and the nature of the costs that were capitalized. Stemming from these accounting practices, Inspired Entertainment disclosed that its previously issued annual financial statements for the fiscal years ending December 31, 2021, and December 31, 2022, its related auditor reports, the interim quarterly reports for the same periods, along with its quarterly reports filed on May 10 and August 11, 2023, should no longer be relied upon by investors.

This announcement led to a sharp decline in the price of INSE shares following the market closure on November 8, 2023. In light of these events, Hagens Berman is scrutinizing whether Inspired Entertainment's financial disclosures underestimated its expenses dating back to the annual filing on March 31, 2022.

Legal Support for Affected Investors

Investors who have suffered substantial financial damage from their investments in Inspired Entertainment are being urged to immediately report their losses. Potential claimants can obtain assistance and explore their legal options by contacting Hagens Berman's attorneys via email at [email protected] or by calling their dedicated phone line at 844-916-0895.

The global firm, recognized for its plaintiffs' rights litigation, is extending its expertise to investors who might also possess non-public information that could be beneficial to the investigation. Those with such knowledge are encouraged to discuss possibilities under the SEC Whistleblower program, where information providers can potentially receive monetary rewards for successful enforcement actions by the SEC.

Dedicated to holding corporations accountable, Hagens Berman represents investors affected by corporate malfeasance, including whistleblowers and consumers, and has a history of securing positive results for those harmed by corporate negligence and fraud.

Investors and interested parties can learn more about the Inspired Entertainment investigation and related information by contacting the attorneys at Hagens Berman.

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