Pomerantz LLP Announces a Notice of Pendency and Proposed Class Action Settlement in Felipe v. Playstudios, Inc.

CHICAGO, July 11, 2025 /PRNewswire/ --

UNITED STATES DISTRICT COURT
DISTRICT OF NEVADA

SUMMARY NOTICE OF PENDENCY AND
PROPOSED CLASS ACTION SETTLEMENT

TO:     All persons or entities who:

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the District of Nevada, that a hearing will be held on October 14, 2025, at 12:15 p.m. before the Honorable Richard F. Boulware, II, United States District Judge of the District of Nevada, 333 Las Vegas Boulevard South, Courtroom 7C, Las Vegas, Nevada 89101 for the purpose of determining: (1) whether the proposed Settlement of the claims in the above-captioned Action for consideration including the sum of $6,500,000 should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the Settlement proceeds is fair, reasonable, and adequate; (3) whether the application of Lead Counsel for an award of attorneys' fees of up to 20%  plus interest of the Settlement Amount, reimbursement of expenses of not more than $160,000 and an incentive payment of no more than $10,000 to each Plaintiff, or $20,000 in total, should be approved; and (4) whether this Action should be dismissed with prejudice as set forth in the Stipulation and Agreement of Settlement dated March 5, 2025 (the "Stipulation").

If you purchased or otherwise acquired Playstudios' or Acies' common stock (including by way of exchanging Acies common stock in the merger) during the period between February 16, 2021, and May 5, 2022, both dates inclusive, or were solicited to approve the merger between Playstudios and Acies and exchanged publicly-listed Acies shares for Playstudios Class A Ordinary Shares rather than redeeming the same pursuant to the Proxy/Registration Statement, your rights may be affected by this Settlement, including the release and extinguishment of claims you may possess relating to your ownership interest in Playstudios' common stock. If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action ("Long Notice") and a copy of the Proof of Claim and Release Form, you may obtain copies by writing to or calling the Claims Administrator at Playstudios Securities Litigation, c/o A.B. Data, Ltd., P.O. Box 173029, Milwaukee, WI 53217; (Tel) 877-307-6170; [email protected]. You can also download copies of the Long Notice and submit your Proof of Claim and Release Form online at www.PlaystudiosSecuritiesLitigation.com. If you are a member of the Settlement Class, to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release Form electronically or postmarked no later than September 2, 2025 to the Claims Administrator, establishing that you are entitled to recovery. Your failure to submit your Proof of Claim and Release by September 2, 2025 will subject your claim to possible rejection and may preclude you from receiving any of the recovery in connection with the Settlement. Unless you submit a written exclusion request, you will be bound by the Settlement and any judgment and release entered in the Action whether or not you subject a Proof of Claim and Release.

If you desire to be excluded from the Settlement Class, you must submit to the Claims Administrator a request for exclusion so that it is received no later than September 17, 2025, in the manner and form explained in the Long Notice. All members of the Settlement Class who have not requested exclusion from the Settlement Class will be bound by any judgment entered in the Action pursuant to the Settlement Stipulation.

Any objection to the Settlement, Plan of Allocation, or Lead Counsel's request for an award of attorneys' fees and reimbursement of expenses and Award to Plaintiffs must be in the manner and form explained in the detailed Notice and received no later than September 16, 2025, by each of the following:

If you have any questions about the Settlement, you may call or write to Lead Counsel:

Omar Jafri
Diego Martinez-Krippner
POMERANTZ LLP
10 South LaSalle Street
Suite 3505
Chicago, IL 60603
Tel: (312) 377-1181

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.

Dated: June 27, 2025                                                  

                                                                           BY ORDER OF THE UNITED STATES DISTRICT COURT
                                                                           FOR THE DISTRICT OF NEVADA

SOURCE Pomerantz LLP