Scott+Scott, Attorneys at Law, LLP Announces Investigation of King Digital Entertainment plc

NEW YORK--(BUSINESS WIRE)--

Scott+Scott, Attorneys at Law, LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into King Digital Entertainment plc KING ("King Digital") related to potential violations of federal securities laws. If you are a King Digital shareholder, you are encouraged to contact Scott+Scott for additional information.

King Digital KING is an interactive entertainment company that develops and publishes casual games on digital platforms. One of King Digital's principal products is the game Candy Crush Saga ("Candy Crush").

On March 26, 2014, King Digital conducted its Initial Public Offering ("IPO") of its securities at $22.50 per share. On August 12, 2014, King Digital announced a $150 million special dividend and lowered its view of full-year revenue growth. On this news, King Digital's shares declined roughly 25%. King Digital is currently trading at $15.04 per share.

In the wake of this announcement, Forbes reported that King Digital "reported June quarter results that were more of a deflating balloon and added a surprise dividend that is extremely unusual for a company that IPOed less than five months ago."

What You Can Do

If you are a King Digital shareholder and you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joseph Halloran at (800) 404-7770 or (646) 582-0121 or via email at jhalloran@scott-scott.com.

About Scott+Scott, Attorneys at Law, LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide.