| Company: | International Game Technology |
| Ticker Symbol: | IGT |
| Class Period: | Nov-1-07 to Oct-30-08 |
| Date Filed: | Aug-3-09 |
| Lead Plaintiff Deadline: | Oct-2-09 |
| Court: | District of Nevada |
| Allegations: | |
The plaintiff alleges that International Game Technology and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between November 1, 2007 and October 30, 2008 materially false and misleading statements regarding IGT's business prospects. As alleged in the complaint, the inflation in the price of IGT stock came out in response to a series of disclosures by IGT. IGT, located in Reno, NV, is a global gaming company specializing in the design, manufacture, and marketing of electronic gaming equipment and network systems, as well as licensing and services.
IGT maintains an array of entertainment-inspired gaming product lines. In addition to its United States production facilities in Nevada, it manufactures gaming products in the United Kingdom and through a third-party manufacturer in Japan. IGT reported in 2007 Total Revenue of $2.6214 billion with a Net Income of $508.20 million and in 2008 $2.5286 billion with a Net Income of $341.50 million. Shares of IGT traded recently at $19.72 per share, down from a 52 week high of $24.55 per share and $48.28 per share in 2008.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
