WMS Faces Investor Suit Over $1.5B Scientific Games Deal

Law360, New York (February 5, 2013, 8:40 PM EST) -- A class of potentially thousands of WMS Industries Inc. investors sued the gaming-machine company in Illinois court Tuesday, claiming the company's proposed $1.5 billion merger with Scientific Games Corp. will line executives' pockets but leave shareholders out in the cold.

WMS shareholder Audrey Gardner launched her attack on the deal on behalf of “hundreds, if not thousands” of investors who have bought into the company's 54.5 million shares, claiming that the proposed merger will allow Scientific Games and WMS higher-ups to reap all the benefits from...
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