Lottery.com Secures Ninth Legal Dismissal
Lottery.com (NASDAQ: LTRY) has secured its ninth legal victory as the United States District Court for the Western District of Texas denied a motion for reconsideration in the case brought by Yes Period, The case, originally dismissed without prejudice in November 2024, remains dismissed, marking another successful outcome under the company's new leadership team.
The Court ruled that the Plaintiff failed to prosecute its claims in a timely and compliant manner and found no justification to modify the original dismissal. This latest victory adds to the company's track record of resolving legal challenges while preserving resources and protecting shareholder interests under its revitalized governance structure.
Lottery.com (NASDAQ: LTRY) ha ottenuto la sua nona vittoria legale poiché il Tribunale Distrettuale degli Stati Uniti per il Distretto Occidentale del Texas ha respinto una richiesta di riesame nel caso portato da Yes Period. Il caso, originariamente respinto senza pregiudizio nel novembre 2024, rimane respinto, segnando un altro risultato positivo sotto il nuovo team di leadership dell'azienda.
Il Tribunale ha stabilito che il Ricorrente non ha perseguito le proprie pretese in modo tempestivo e conforme e non ha trovato giustificazione per modificare il rigetto originale. Questa ultima vittoria si aggiunge al record dell'azienda nella risoluzione delle sfide legali, preservando risorse e proteggendo gli interessi degli azionisti sotto la sua struttura di governance rivitalizzata.
Lottery.com (NASDAQ: LTRY) ha asegurado su novena victoria legal, ya que el Tribunal de Distrito de los Estados Unidos para el Distrito Occidental de Texas denegó una moción de reconsideración en el caso presentado por Yes Period. El caso, que fue desestimado sin perjuicio en noviembre de 2024, sigue desestimado, marcando otro resultado exitoso bajo el nuevo equipo de liderazgo de la empresa.
El Tribunal dictaminó que el Demandante no logró presentar sus reclamaciones de manera oportuna y conforme, y no encontró justificación para modificar la desestimación original. Esta última victoria se suma al historial de la empresa en la resolución de desafíos legales, preservando recursos y protegiendo los intereses de los accionistas bajo su estructura de gobernanza revitalizada.
Lottery.com (NASDAQ: LTRY)는 텍사스 서부 지방법원이 Yes Period가 제기한 사건에 대한 재심 요청을 기각함에 따라 아홉 번째 법적 승리를 확보했습니다. 이 사건은 2024년 11월에 무혐의로 기각되었으며, 여전히 기각 상태를 유지하고 있어 회사의 새로운 리더십 팀 하에 또 다른 성공적인 결과를 기록했습니다.
법원은 원고가 제기한 주장을 적시에 준수하여 진행하지 못했으며, 원래의 기각 결정을 수정할 정당성이 없다고 판단했습니다. 이번 승리는 법적 도전을 해결하면서 자원을 보존하고 주주 이익을 보호하는 회사의 성과 기록에 추가됩니다.
Lottery.com (NASDAQ: LTRY) a obtenu sa neuvième victoire légale, le tribunal de district des États-Unis pour le district occidental du Texas ayant rejeté une demande de réexamen dans l'affaire intentée par Yes Period. L'affaire, initialement rejetée sans préjudice en novembre 2024, reste rejetée, marquant un autre résultat positif sous la nouvelle équipe de direction de l'entreprise.
Le tribunal a statué que le plaignant n'avait pas poursuivi ses revendications de manière opportune et conforme, et n'a trouvé aucune justification pour modifier le rejet initial. Cette dernière victoire s'ajoute au bilan de l'entreprise en matière de résolution des défis juridiques tout en préservant des ressources et en protégeant les intérêts des actionnaires dans le cadre de sa structure de gouvernance revitalisée.
Lottery.com (NASDAQ: LTRY) hat seinen neunten rechtlichen Sieg errungen, da das US-Bezirksgericht für den westlichen Bezirk Texas einen Antrag auf Überprüfung im Fall von Yes Period abgelehnt hat. Der Fall, der ursprünglich im November 2024 ohne Vorurteile abgewiesen wurde, bleibt abgewiesen und markiert ein weiteres erfolgreiches Ergebnis unter dem neuen Führungsteam des Unternehmens.
Das Gericht entschied, dass der Kläger seine Ansprüche nicht rechtzeitig und ordnungsgemäß verfolgt hat und fand keine Rechtfertigung für eine Änderung der ursprünglichen Abweisung. Dieser letzte Sieg trägt zur Erfolgsbilanz des Unternehmens bei, rechtliche Herausforderungen zu bewältigen, während Ressourcen geschont und die Interessen der Aktionäre unter der revitalisierten Governance-Struktur geschützt werden.
- Secured ninth consecutive legal victory, demonstrating effective legal strategy
- Successfully clearing legacy legal challenges under new management
- Preserving company resources through effective legal defense
- Ongoing legal challenges and litigation risks remain
- Company faces continued risks related to internal accounting controls
- Potential going concern issues mentioned in forward-looking statements
Insights
Lottery.com's ninth consecutive legal victory marks significant progress in the company's ongoing efforts to clear litigation backlog. This particular dismissal in the Western District of Texas maintains the original ruling from November 2024, with the court specifically citing the plaintiff's failure to properly prosecute its claims.
The systematic dismantling of legacy legal challenges under new management represents more than isolated wins - it demonstrates an effective legal strategy that preserves company resources. Each dismissed case reduces contingent liabilities on Lottery.com's balance sheet while minimizing ongoing legal expenses that would otherwise drain operational capital.
The statement that the plaintiff "failed to prosecute its claims in a timely and compliant manner" suggests potential procedural advantages being leveraged by Lottery.com's legal team. This pattern of successful dismissals indicates the company has implemented robust legal protocols that effectively challenge poorly constructed claims - particularly important for a microcap company where legal defense costs can disproportionately impact financial health.
While the specific financial impact of this particular case isn't quantified, the cumulative effect of nine dismissed lawsuits likely represents significant risk reduction. For a company with a
FORT WORTH, Texas, April 11, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company” or the “Defendant”), a leading technology company in digital lottery and sports entertainment, today announced another significant legal victory on April 9, 2025 as the United States District Court for the Western District of Texas denied a motion for reconsideration brought by Yes Period, LLC. The case styled Yes Period, LLC d/b/a Serenity Software v. Lottery.com, Inc. d/b/a Sports.com Inc. d/b/a AutoLotto.com, Inc. (Case No. 1-23-CV-00616), originally dismissed without prejudice in November 2024, remains dismissed, marking the ninth lawsuit dismissed since the appointment of the Company's new leadership team.
This outcome adds to the growing track record of successful litigation outcomes achieved under Lottery.com's revitalized governance structure and legal strategy—delivering tangible results in clearing legacy challenges and restoring operational integrity.
Matthew McGahan, CEO of Lottery.com, stated:
"Lottery.com is, of course, delighted with this outcome. It is yet another case we have fought, won, and had dismissed. This marks the ninth such dismissal since our new management and turnaround team were appointed—a clear signal to our shareholders that our strategy is working. We remain laser-focused on delivering long-term value, building trust in the capital markets, and positioning the business for sustainable growth."
In the Court's latest ruling, the Judge reaffirmed that the Plaintiff failed to prosecute its claims in a timely and compliant manner and found no justification to modify the original dismissal. This result reflects the Company’s efforts to resolve legal overhangs while preserving its resources and protecting shareholder interests.
Important Notice Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company’s internal accounting controls, additional examination of the preliminary conclusions of such review, the Company’s ability to secure additional capital resources, the Company’s ability to continue as a going concern, the Company’s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company’s ability to regain compliance with the Bid Price Requirement, the Company’s ability to regain compliance with Nasdaq Listing Rules, the Company’s ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on June 4, 2024, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.
For more information, please visit www.lottery.com or contact our media relations team at press@lottery.com.
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