If you invested in INSE and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses »

CLASS PERIOD
N/A

LEAD PLAINTIFF DEADLINE
N/A

STOCK SYMBOL
NASDAQ: INSE

CONTACT
844-916-0895
INSE@hbsslaw.com

 

The investigation focuses on the propriety of Inspired Entertainment’s previously filed financial statements.

More specifically, after markets closed on Nov. 8, 2023, Inspired announced that it did not comply with Generally Accepted Accounting Principles regarding capitalization of software development costs including “the timing of capitalization with respect to software development projects and the nature of costs eligible for capitalization.”

The company also said that, due to the above issue, investors should no longer rely on its previously issued annual financial statements for the years ended Dec. 31, 2021 and 2022, associated auditor reports, the interim quarterly reports for those years, and its quarterly reports filed on May 10 and Aug. 11, 2023.

In response, the price of Inspired shares fell sharply in after-hours trading on Nov. 8, 2023.

Media Images
Image

Hagens Berman purchases advertisements on search engines, social media sites and other websites. Transmission of the information contained or available through this website is not intended to create, and receipt does not constitute, an attorney-client relationship. If you seek legal advice or representation by Hagens Berman, you must first enter a formal agreement. All information contained in any transmission is confidential and Hagens Berman agrees to protect information against unauthorized use, publication or disclosure. This site is regulated by the Washington Rules of Professional Conduct.