DoubleDown Interactive Announces Agreement In Principle to Settle Legal Proceedings Related to the Benson Class Action
The terms of the settlement, which take effect only after final court approval of the proposed class settlement, provide that, among other things:
- A total of
$415 millionwill be paid into a settlement fund of which IGT’s subsidiaries will contribute $269.75 millionand DDI will contribute $145.25 million; and
- All members of the nationwide settlement class who do not exclude themselves will release all claims relating to the subject matter of the lawsuit.
Subject to final court approval of the settlement of the Benson v.
As a result of the settlement agreement, DoubleDown will accrue a
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Source: DoubleDown Interactive Co., Ltd.