A number of major investment firms have filed a lawsuit against Entain in the UK High Court. The suit was filed on 8 May by international white shoe law firm Morgan, Lewis & Bockius LLP, on behalf of several investment companies.
These include State Street Bank and Trust Company, Brown Brothers Harriman Trustee Services, The Reliance Trust Company and Northern Trust Company…
While details are scant about the nature of the action, the lawsuit would represent just the latest shareholder suit the business is facing in the UK courts.
This follows on from Lee Damion Ferriday’s shareholder class action, first filed in August 2024, which alleged failures to disclose bribery and corruption in Entain’s Turkish business unit, resulting in a significant drop in share price.
