Investors in the UK-based online gambling behemoth Entain have launched a class-action lawsuit, hoping to recover losses on the company's stock value caused by an investigation into bribery involving its previous operations in Turkey.
Twenty institutional shareholders filed the complaint, which asks for $150 million in damages, in London's High Court. According to the lawsuit, Entain neglected to adequately notify investors about a UK tax agency investigation into bribery and corruption at the Turkish subsidiary Headlong.
Twenty institutional shareholders filed the complaint, which asks for $150 million in damages, in London's High Court. According to the lawsuit, Entain neglected to adequately notify investors about a UK tax agency investigation into bribery and corruption at the Turkish subsidiary Headlong.