ANDREWS & SPRINGER LLC ANNOUNCES PROPOSED SETTLEMENT OF STOCKHOLDER CLASS ACTION INVOLVING PLAYTIKA HOLDING CORP.

Rhea-AI Summary

Playtika Holding Corp (NASDAQ: PLTK) faces a proposed class-action settlement for $24,750,000 in cash to resolve claims arising from the October 3, 2022 self-tender.

The Settlement requires Court approval; a Settlement Hearing is set for January 21, 2025 at 1:30 PM EST. Eligible Class Members will receive a pro rata share of the Net Settlement Fund based on their Eligible Shares, with no payments under $1.00. The objection deadline is January 6, 2026. The Stipulation dated October 7, 2025 governs the terms and the settlement website provides documents and updates.

Positive

• $24,750,000 cash settlement fund
• Pro rata distribution to all Eligible Class Members
• No claim form required to receive payment

Negative

• No cash payments will be issued for amounts under $1.00
• Eligible payees determined by post-Effective Date Security Position Report
• Objection deadline is January 6, 2026, requiring timely filings

Key Figures

Settlement amount $24,750,000 Proposed cash settlement of stockholder class action

Class date October 3, 2022 Record date when Self-Tender closed for defining Class Shares

Settlement hearing January 21, 2025, 1:30 P.M. EST Scheduled Court of Chancery hearing on proposed settlement

Objection deadline January 6, 2026 Last date for filing objections to settlement and fee request

Market Reality Check

$4.37 Last Close

Volume Volume 1,121,617 is in line with 20-day average 1,140,434 (relative volume 0.98). normal

Technical Price $4.24 is trading below the 200-day MA of $4.42 and 51.49% under the 52-week high.

Peers on Argus

Peer moves are mixed: DDI up 1.96%, GDEV up 9.1%, while SOHU, GRVY, and GCL are down between 1.22% and 3.3%. No consistent sector-wide direction is evident.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 04	Product collaboration	Positive	+0.5%	NFL collaboration features added to WSOP mobile game experience.
Dec 04	Product collaboration	Positive	+0.5%	Repeat NFL-WSOP mobile integration announcement across platforms.
Dec 02	Release retraction	Negative	+1.0%	Company instructed investors to disregard prior NFL integration release.
Dec 01	Product collaboration	Positive	+4.7%	Initial NFL-WSOP crossover event announcement with themed content.
Dec 01	Product collaboration	Positive	+4.7%	Duplicate announcement reinforcing limited-time NFL collaboration details.

Pattern Detected

Recent product/collaboration news has generally coincided with modestly positive price reactions.

Recent Company History

This announcement follows a series of product-focused news items for Playtika. In late 2025, multiple releases highlighted a World Series of Poker collaboration with the NFL, running from November 10, 2025 through February 8, 2026, which saw small positive moves, including a 4.69% gain on Dec 1, 2025. A temporary retraction notice on Dec 2, 2025 still coincided with a positive reaction. Against this backdrop, the proposed stockholder class action settlement represents a shift from marketing-driven catalysts to legal and governance resolution.

Market Pulse Summary

This announcement outlines a proposed stockholder class action settlement for $24,750,000 in cash, subject to Court of Chancery approval at a hearing set for January 21, 2025. It defines who is in the class, how the Net Settlement Fund would be allocated on a pro rata basis, and the January 6, 2026 deadline for objections. Investors may watch for court approval, any significant objections, and final implementation details as indicators of residual litigation risk.

Key Terms

class action regulatory

"SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER CLASS ACTION"

A class action is a lawsuit where a group of people with similar complaints sue a company together instead of each person filing separately; think of it as a neighborhood banding together to take one case to court rather than everyone hiring separate lawyers. Investors care because class actions can lead to large settlements or judgments, damage a company’s reputation, drain cash reserves, and distract management — all of which can reduce a company’s stock value and affect future earnings.

settlement hearing regulatory

"A hearing (the "Settlement Hearing") will be held on January 21, 2025"

A settlement hearing is a court session where a judge reviews and decides whether to approve a proposed agreement that resolves a legal dispute, often involving claims by shareholders, creditors, or regulatory parties. Investors care because the judge’s decision determines whether the payout, changes to corporate governance, or other terms take effect—similar to a referee confirming the final score after players agree on how to resolve a game—affecting potential recoveries and future company obligations.

plan of allocation regulatory

"determine whether the proposed Plan of Allocation of the Net Settlement Fund is fair"

A plan of allocation explains how money or securities from a settlement, offering, or corporate distribution will be divided among eligible recipients. It matters to investors because it shows who gets paid, how amounts are calculated, and what steps they must take to receive their share — like a recipe that turns a single pot of money into individual portions based on clear rules and proof of ownership.

net settlement fund financial

"you may be entitled to share in the Net Settlement Fund"

A net settlement fund is the pool of cash used by a clearinghouse or settlement system to pay the small number of net amounts that remain after all buy and sell obligations among traders are offset. Think of it as the communal checking account that covers the final balances once everyone's mutual debts are totaled; it matters to investors because it keeps daily trading orderly, reduces the chance of a failed trade, and lowers the risk that one participant’s shortfall disrupts the market.

pro rata technical

"the Net Settlement Fund will be distributed on a pro rata basis"

Pro rata means dividing or distributing something proportionally based on a specific factor, such as ownership or contribution. For example, if an investor owns 10% of a company, they would receive 10% of any dividends or benefits allocated. This approach ensures everyone gets their fair share relative to their stake or input, helping investors understand how benefits, costs, or responsibilities are fairly shared.

AI-generated analysis. Not financial advice.

WILMINGTON, Del., Dec. 9, 2025 /PRNewswire/ -- 

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

SCOTT G. KORMOS and JORDAN KLEIN, on behalf of themselves and all other similarly situated stockholders of PLAYTIKA HOLDING CORP., Plaintiffs, v. PLAYTIKA HOLDING UK II LIMITED, Defendant.

C.A. No. 2023-0396-BWD

 

SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER CLASS ACTION, SETTLEMENT HEARING, AND RIGHT TO APPEAR

TO: All record holders and beneficial owners of shares of Playtika Holding Corp. (NASDAQ: "PLTK") common stock as of 11:59 p.m. EDT on October 3, 2022, i.e., the date the Self-Tender closed ("Class Shares"), in each case in their capacity as holders or beneficial owners of Class Shares, including, to the extent necessary to afford relief, their legal representatives, heirs, assigns, transferees, and successors-in-interest (the "Class").

PLEASE READ THIS SUMMARY NOTICE CAREFULLY. YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the Court of Chancery of the State of Delaware (the "Court"), that the above-captioned stockholder class action (the "Action") is pending in the Court.

YOU ARE ALSO NOTIFIED that Plaintiffs Scott G. Kormos and Jordan Klein (together, "Plaintiffs"), individually and on behalf of the Class, have reached a proposed settlement with Playtika Holding UK II Ltd. ("Defendant") and Playtika Holding Corp. ("Playtika") for $24,750,000 in cash (the "Settlement"). The terms of the Settlement are stated in the Stipulation and Agreement of Settlement, Compromise, and Release between Plaintiffs, Defendant, and Playtika, dated October 7, 2025 (the "Stipulation"), a copy of which is available at https://www.PlaytikaSecuritiesSettlement.com. If approved by the Court, the Settlement will resolve all claims in the Action as against Defendant.

A hearing (the "Settlement Hearing") will be held on January 21, 2025 at 1:30 P.M. EST, before The Honorable Bonnie W. David, Vice Chancellor, either in person at the Court of Chancery of the State of Delaware, Sussex County, 34 The Circle, Georgetown, Delaware 19947, or remotely by Zoom (in the discretion of the Court), to, among other things: (i) determine whether to finally certify the Class for settlement purposes only, pursuant to Court of Chancery Rules 23(a), 23(b)(1), 23(b)(2), and 23(b)(3); (ii) determine whether Plaintiffs and Plaintiffs' Counsel have adequately represented the Class, and whether Plaintiffs should be finally appointed as Class Representative for the Class and Plaintiffs' Counsel should be finally appointed as Class Counsel for the Class; (iii) determine whether the proposed Settlement should be approved as fair, reasonable, and adequate to Plaintiffs and the other members of the Class; (iv) determine whether the proposed Order and Final Judgment approving the Settlement, dismissing the Action with prejudice, and granting the Releases provided under the Stipulation should be entered; (v) determine whether the proposed Plan of Allocation of the Net Settlement Fund is fair and reasonable, and should therefore be approved; (vi) determine whether and in what amount any Fee and Expense Award should be paid out of the Settlement Fund, including any Incentive Award to Plaintiffs to be paid solely from any Fee and Expense Award; (vii) hear and rule on any objections to the Settlement, the proposed Plan of Allocation, and Plaintiffs' Counsel's Fee and Expense Award, including any Incentive Award to Plaintiffs; and (viii) consider any other matters that may properly be brought before the Court in connection with the Settlement. Any updates regarding the Settlement Hearing, including any changes to the date or time of the hearing or updates regarding in-person or remote appearances at the hearing, will be posted to the Settlement website, https://www.PlaytikaSecuritiesSettlement.com.

If you are a member of the Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Net Settlement Fund. If you have not yet received the Notice, you may obtain a copy of the Notice by contacting the Settlement Administrator at info@PlaytikaSecuritiesSettlement.com or (844) 643-4844. A copy of the Notice can also be downloaded from the Settlement website, https://www.PlaytikaSecuritiesSettlement.com.

If the Settlement is approved by the Court and the Effective Date occurs, the Net Settlement Fund will be distributed on a pro rata basis to "Eligible Class Members" in accordance with the proposed Plan of Allocation stated in the Notice or such other plan of allocation as is approved by the Court. Because claims travel with shares and therefore the right to receive any portion of the Net Settlement Fund travels with the transfer of the Class Members' shares between 11:59 p.m. EDT on October 3, 2022, and the Class Distribution Record Date (as defined below), the persons eligible to receive pro rata distribution of the Net Settlement Fund ("Eligible Class Members") are likely different than the Class Members as of the closing of the Self-Tender. The "Eligible Shares" are all shares of Playtika common stock held as of the most recent date on or after the Effective Date for which the Depository Trust Company can produce a Security Position Report showing the position holdings of participating persons or financial institutions (the "Class Distribution Record Date"), excluding those shares held by Excluded Persons.

Each Eligible Class Member will be eligible to receive a pro rata payment from the Net Settlement Fund equal to the product of (i) the number of Eligible Shares held by the Eligible Class Member and (ii) the "Per-Share Recovery," which will be determined by dividing the total amount of the Net Settlement Fund by the total number of Eligible Shares held by all Eligible Class Members, provided, however, that no cash payments for less than $1.00 will be made. Eligible Class Members do not have to submit a claim form to receive a payment from the Settlement.

Any objections to the proposed Settlement, the proposed Plan of Allocation, or Plaintiffs' Counsel's application for an award of attorneys' fees and expenses in connection with the Settlement (including incentive awards to Plaintiffs) must be filed with the Register in Chancery in the Court of Chancery of the State of Delaware and delivered to Plaintiffs' Counsel and Defendant's Counsel such that they are received no later than January 6, 2026, in accordance with the instructions set forth in the Notice.

Please do not contact the Court or the Office of the Register in Chancery regarding this notice. All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to the Settlement Administrator or Plaintiffs' Counsel.

Requests for the Notice should be made to the Settlement Administrator:

Playtika Securities Settlement
c/o Settlement Administrator
1650 Arch Street, Suite 2210
Philadelphia, PA 19103

Inquiries, other than requests for the Notice, should be made to Plaintiffs' Counsel:

David M. Sborz
ANDREWS & SPRINGER LLC
4001 Kennett Pike, Suite 250
Wilmington, DE 19807
dsborz@andrewsspringer.com

Ned Weinberger
LABATON KELLER SUCHAROW LLP
222 Delaware Avenue, Suite 1510
Wilmington, DE 19801
nweinberger@labaton.com

BY ORDER OF THE COURT OF CHANCERY OF THE STATE OF DELAWARE

Dated: November 21, 2025

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SOURCE Andrews & Springer LLC