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LivermoreLives

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LivermoreLives

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Monday, 11/05/2012 12:35:43 AM

Monday, November 05, 2012 12:35:43 AM

Post# of 86
WMS drops 9% on bad earnings, slapped with lawsuit
Ouch! Ouch! Not only did earnings suck, but now they have another multi-million-dollar lawsuit on their hands. What a dog.

MGT Capital Investments, Inc. (NYSE-MKT: MGT.BC), announced today its majority-owned subsidiary, MGT Gaming, Inc. ("MGT Gaming"), has filed a lawsuit claiming patent infringement against multiple companies believed to be violating MGT Gaming's United States Patent No. 7,892,088 ("the ‘088 Patent") entitled "Gaming Device Having a Second Separate Bonusing Event." The ‘088 Patent is directed to a gaming system in which a second game played on an interactive sign is triggered once specific events occur in a first game.


http://www.mgtci.com/releasedetail.cfm?ReleaseID=718337
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