Evolution AB
Exchange: NASDAQ
Ticker: EVVTY
Date of Filing: 01/25/2024
Court: Eastern District of Pennsylvania
Filing Deadline


TWERSKY LAW GROUP Notifies Evolution AB (OTC: EVVTY) Investors of Class Action

Evolution AB – Twersky Law Group, a highly regarded and reputable law firm based in New York, wishes to inform investors about a significant development in the form of a class action lawsuit against Evolution AB (“Evolution AB” or “the Company”) (NASDAQ: OTC: EVVTY) and certain officers of the company. This lawsuit has been filed on behalf of all individuals and entities that purchased or otherwise acquired Evolution AB securities from February 14, 2019 through October 25, 2023 (the “Class Period”). Investors who acquired IEvolution AB securities during this defined timeframe are strongly encouraged to participate in this case by contacting atara@twerskylawgroup.com. The deadline to file a motion for appointment of lead plaintiff is March 25, 2024.

The fundamental objective of this class action lawsuit is to recover for the benefit of investors who purchased Evolution AB securities during the Class Period, the losses they sustained as a consequence of the misleading statements made by Defendants in violation of the federal securities laws.



The Complaint alleges that Defendants throughout the Class Period, which is February 14, 2019 through October 25, 2023, made materially false and/or misleading statements regarding Evolution’s and Evolution’s customers’ compliance with governing laws; the effect of non-compliance on Evolution’s revenue; and Evolution’s predicted growth and growth strategies. From January 24, 2022 to October 26, 2023, a number of disclosures revealed the truth of Evolution’s compliance, revenue, and growth, and brought to light the falsities behind Defendants statements. As a result, Evolution saw a significant change in the value of its share prices, including its American Depository Shares (“ADSs”).



  • Evolution AB is a modern gaming company that develops, produces, markets and licenses fully integrated B2B live casino solutions to online casino operators.



It is important to note that a class action lawsuit has already been filed in connection with these allegations. Therefore, for those individuals who suffered financial losses in their investments in Evolution AB during the Class Period, there is a limited opportunity to seek appointment as a lead plaintiff. This process entails requesting the Court to designate them as the primary representative on behalf of the entire class. The deadline for submitting such a request is March 25, 2024. It is important to emphasize that while becoming a lead plaintiff can offer certain advantages, participation in the recovery process and the potential for financial compensation does not mandate serving as a lead plaintiff.

Twersky Law Group, a distinguished legal firm renowned for its attorneys expertise in handling securities fraud class actions and shareholder derivative suits, who have a long-standing track record of successfully recovering significant sums of money for investors nationwide. With an unwavering commitment to seeking justice for their clients, the firm’s attorneys are resolute in pursuing fair compensation on behalf of those affected by alleged securities law violations. As with any legal matter, it is essential to understand that this announcement constitutes attorney advertising. Past case outcomes and results achieved do not guarantee similar outcomes in this particular case.