Hagens Berman Solicits INSE Investors with Losses for Potential Securities Law Violations by Inspired Entertainment

SAN FRANCISCO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- National trial law firm Hagens Berman is calling upon investors of Inspired Entertainment, Inc. INSE who have incurred significant financial losses to come forward and participate in an ongoing investigation into potential violations of securities laws. Notably, this pertains to discrepancies in financial reporting standards as applied by the gaming technology company.

Investigation into Financial Irregularities

The current investigation being spearheaded by Hagens Berman zeroes in on Inspired Entertainment's compliance with Generally Accepted Accounting Principles (GAAP). This inquiry particularly relates to the timing and eligibility of costs associated with software development projects that were capitalized. Consequently, after a disclosure on Nov. 8, 2023, regarding these financial concerns, INSE has instructed investors not to rely on the company's previously issued financial statements for the years ended Dec. 31, 2021, and 2022, as well as certain interim quarterly reports and quarterly reports filed in 2023.

Following this announcement, INSE's stock experienced a significant drop in after-hours trading, prompting this investigation. The firm is diligently working to assess whether Inspired Entertainment potentially misrepresented its financial status by understating expenses, thereby misleading investors since as far back as March 31, 2022.

Call to Action for Affected Investors

Hagens Berman encourages investors who have suffered substantial losses from their investments in INSE to promptly report their losses. The firm is extending a hand for legal assistance through their website and urges investors to contact their attorneys directly via email or phone. Investors and insiders with relevant information that may assist in the investigation are also urged to come forward.

Furthermore, whistleblowers with non-public information about Inspired Entertainment may be eligible for compensation under the SEC Whistleblower program for their role in contributing to a potential recovery by the SEC.

As a prominent plaintiff-side complex litigation firm, Hagens Berman has a significant track record of advocating for securities litigation, representing investors, and promoting corporate accountability across various sectors. The firm maintains a strong presence, disseminating updates and news through its social media channels.

About Inspired Entertainment, Inc.

Inspired Entertainment, Inc. INSE, headquartered in New York, New York, is an eminent supplier of server-based gaming (SBG) and virtual sports products. The company's offerings are essential in operating regulated lottery, betting, and gaming services worldwide, cementing its position as a pivotal player in the gaming technology industry.

Contact information: Reed Kathrein, 844-916-0895

Hagens, Berman, INSE, Investigation, Securities, Law, Violations, Inspired, Entertainment, Investors, Losses, GAAP, Compliance, Financial, Reporting, Accounting, Capitalization, Software, Development, Costs