ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Score Media and Gaming Inc. and Encourages Investors with Losses to Contact the Firm
Los Angeles, California--(Newsfile Corp. - July 29, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Score Media and Gaming Inc. ("theScore" or "the Company") (NASDAQ: SCR) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. On July 13, 2021, theScore reported its third quarter 2021 financial results. The Company reported GAAP earnings of -$0.78, widely missing analyst estimates by $0.48. The Company also reported an EBITDA loss of $21.1 million, as compared to a loss of just $8.7 million in the same period of the previous year. The Company blamed in part, "additional expenses incurred in connection with the ongoing expansion of the Company's gaming operations as well as costs and professional service fees related to the recently completed U.S. initial public offering." Based on this news, shares of theScore dropped by 9% on July 14, 2021.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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