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If you played Huuuge Casino, Billionaire Casino, Stars Slots, or Other Huuuge Social Casino Games, you may be part of a class action settlement.
Important Dates
January 4, 2021 — Claim Form Deadline
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January 4, 2021 — Exclusion Deadline
January 4, 2021 — Objection Deadline
February 11, 2021 — Final Hearing Date
- A settlement has been reached in class action lawsuits against Huuuge, Inc. (“Defendant”), alleging claims based on the sale of virtual chips in the following social casino-style games: Huuuge Casino, Billionaire Casino, Stars Slots, and other Huuuge Social Casino Games. Defendants deny all claims and that they violated any law, but have agreed to the settlement to avoid the uncertainties and expenses associated with continuing the case.
- You are a Settlement Class Member if you played Huuuge Casino, Billionaire Casino, Stars Slots, and/or other Huuuge Social Casino Games in the State of Washington on or before Preliminary Approval of the Settlement.
- Those who file timely and properly completed claims will be eligible to receive a share of the Settlement Fund. Your share will depend on, among other things, (1) the total dollar amount of in-game purchases you made while playing Huuuge Casino, Billionaire Casino, Stars Slots, and other Huuuge Social Casino Games, with those who spent more money receiving a higher percentage back, (2) whether or not your claims are potentially subject to the Dispute Resolution Provision in Huuuge’s Terms of Use, and (3) how many Settlement Class Members submit claims.
- Please read the notice carefully. Your legal rights are affected regardless of whether you act or do not act.
| YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT | |
|---|---|
SUBMIT A CLAIM FORM | You must submit a valid claim form either online or by mail. This is the only way to receive a payment. |
EXCLUDE YOURSELF | To exclude yourself, you must affirmatively submit a request to be excluded. You will receive no benefits, but you will retain any rights you currently have to sue the Defendant about the claims in this case. |
OBJECT OR COMMENT | Write to the Court explaining your opinion of the Settlement. |
GO TO THE HEARING | Ask to speak in Court about your opinion of the Settlement. |
DO NOTHING | You won’t get a share of the Settlement benefits and will give up your rights to sue the Defendant about the claims in this case. |
These rights and options—and the deadlines to exercise them—are explained in the Notice.
(Bloomberg) -- Developer of free-to-play mobile casino games Huuuge Inc.’s initial public offering in Warsaw raised 1.67 billion zloty ($445 million), becoming Poland’s largest gaming industry listing on record.
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Huuuge and its shareholders sold 33.32 million shares at 50 zloty apiece, the top end of an initial range, according to a statement Friday. Strong investor demand last week prompted existing holders to offload more shares in the offering, boosting the deal size.
The IPO comes in the wake of woes for CD Projekt, whose Cyberpunk 2077 video-game has been plagued by bugs. The stock had slumped as much as 42% following the game’s Dec. 10 release date, and has pared some of those declines over the past two weeks after Elon Musk praised the game.
The IPO values the company at 4.2 billion zloty, meaning Huuuge will be the second-biggest studio listed in Warsaw after CD Projekt SA.
“The success of Huuuge’s offering shows that CD Projekt’s problems with Cyberpunk did not damage sentiment toward Polish gaming stocks,” Pawel Sugalski, a fund manager at Rockbridge TFI SA, said by email. The listing provides a chance to diversify the funds’ portfolio with another free-to-play game maker, he said.
© Bloomberg More DiversificationHuuuge, which is due to make its trading debut Feb. 19, follows a string of smaller gaming IPOs in Warsaw. Most recently, People Can Fly owner PCF Group SA floated in December, with more than 50 gaming studios now listed on the main and alternative markets of the Warsaw Stock Exchange. Though Huuuge is registered in the U.S., most of its staff is located in Poland.
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