Hagens Berman Calls on INSE Investors with Substantial Losses to Come Forward Amidst Securities Law Investigation

In a recent call to action, Hagens Berman, a national law firm renowned for its trials and advocacy for investor rights, is strongly encouraging shareholders of Inspired Entertainment, Inc. INSE who have incurred significant financial losses to step forward and participate in an ongoing investigation concerning potential violations of securities laws. The law firm is keenly focused on examining the financial disclosures and accounting practices of the New York-headquartered gaming technology company.

Investigation Into Inspired Entertainment, Inc.

At the heart of the inquiry is the legitimacy of Inspired Entertainment's previously filed financial documentation. Notably, post-market announcements on November 8, 2023, revealed that the company had not conformed to Generally Accepted Accounting Principles (GAAP) with regard to the capitalization of software development expenses, including the timing of capitalizing costs associated with software development projects and the precise nature of expenses eligible for capitalization.

As a result of these disclosures, Inspired Entertainment warned stakeholders that its financial statements for the fiscal years ending December 31, 2021 and 2022, the related auditor reports, interims for those periods, as well as the quarterly reports published on May 10 and August 11, 2023, should no longer be relied upon. This significant announcement triggered a stark downtrend in the after-hours trading price of INSE shares.

"Our investigation is centered on determining whether Inspired Entertainment potentially misrepresented its expenses dating back to the annual filing on March 31, 2022, and we aim to address the concerns of investors regarding their substantial losses," conveyed Reed Kathrein, the Hagens Berman partner at the forefront of the investigation.

Investors who have borne considerable financial damage or possess insider information that might fuel the firm's probe are urged to document their losses or contribute any critical knowledge by reaching out via the contact details provided by Hagens Berman.

Whistleblower Incentive Program

Hagens Berman also highlights the opportunity under the SEC Whistleblower program for individuals with non-public information regarding INSE. Informants who present original information that results in a successful SEC action could be eligible for monetary rewards that may amount to up to 30 percent of the recovered sum.

For those impacted by the events at Inspired Entertainment and seeking legal counsel or more information, Hagens Berman extends its expertise. The firm has a history of securing wins against corporate malfeasance and upholding the rights of investors, while also representing whistleblowers, workers, and consumers in various consequential litigations.

If you have suffered significant investment losses with Inspired Entertainment, or have crucial knowledge that could assist this investigation, you are encouraged to connect with Hagens Berman via the provided contact details.

It should be noted that Hagens Berman holds a national presence with operations offering legal services across various offices, ensuring a broad and effective response to cases they undertake. Past performances in litigation do not assure similar outcomes in new trials; however, the firm's dedication to seeking justice for those harmed by corporate wrongdoing remains unwavering.

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